IG Design Group (LON:IGR) Stock Rating Reaffirmed as Buy by Canaccord Genuity Group

IG Design Group (LON:IGR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 150 target price on the stock. Canaccord Genuity Group‘s target price points to a potential upside of 74.42% from the stock’s current price.

IG Design Group Price Performance

IGR stock opened at GBX 86 on Tuesday. The company has a fifty day moving average price of GBX 93.32 and a 200-day moving average price of GBX 74.66. The company has a market capitalization of £77.42 million, a P/E ratio of -0.73 and a beta of 0.78. IG Design Group has a 52-week low of GBX 44 and a 52-week high of GBX 110. The company has a debt-to-equity ratio of 33.47, a quick ratio of 0.85 and a current ratio of 3.03.

Insider Buying and Selling

In related news, insider Ari Bensoussan bought 465,799 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The shares were bought at an average price of GBX 92 per share, with a total value of £428,535.08. Corporate insiders own 22.59% of the company’s stock.

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.