IG Design Group (LON:IGR) Insider Purchases £428,535.08 in Stock

IG Design Group plc (LON:IGR) insider Ari Bensoussan acquired 465,799 shares of the company’s stock in a transaction dated Thursday, October 8th. The shares were bought at an average price of GBX 92 per share, for a total transaction of £428,535.08.

IG Design Group Trading Up 6.3%

LON IGR opened at GBX 97.80 on Friday. The company has a market cap of £88.05 million, a PE ratio of -0.83 and a beta of 0.78. The company has a current ratio of 3.03, a quick ratio of 0.85 and a debt-to-equity ratio of 33.47. IG Design Group plc has a 12 month low of GBX 44 and a 12 month high of GBX 110. The stock has a 50 day moving average of GBX 94.27 and a 200-day moving average of GBX 80.30.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 150 price objective on shares of IG Design Group in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 150.

About IG Design Group

IG Design Group plc, the largest consumer gift packaging business in the world, is a designer, innovator and manufacturer of products that help people celebrate life’s special occasions. Design Group works with more than 11,000 customers in over 80 countries throughout the UK, Europe, Australia and the USA.

Its products are found in over 210,000 retail outlets, including several of the world’s biggest retailers, for example Walmart, Target, Amazon, Costco, Lidl and Aldi.

Its five major product categories are: Celebrations, Craft, Stationery and Creative Play, Gifting, and Not-for-resale consumables.