IG Design Group (LON:IGR) Reaches New 1-Year High – Here’s What Happened

IG Design Group plc (LON:IGR) shares hit a new 52-week high on Friday . The stock traded as high as GBX 106 and last traded at GBX 106, with a volume of 331733 shares changing hands. The stock had previously closed at GBX 101.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 150 price objective on shares of IG Design Group in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 150.

IG Design Group Price Performance

The company has a debt-to-equity ratio of 33.47, a current ratio of 3.03 and a quick ratio of 0.85. The company has a market capitalization of £100.18 million, a PE ratio of -0.90 and a beta of 0.75. The firm has a 50-day moving average of GBX 83.66 and a 200 day moving average of GBX 66.57.

IG Design Group (LON:IGR) last released its quarterly earnings data on Tuesday, June 16th. The company reported GBX 5.60 EPS for the quarter. IG Design Group had a negative return on equity of 2.17% and a negative net margin of 1.00%.The company had revenue of £217.87 million during the quarter. As a group, research analysts anticipate that IG Design Group plc will post 16.1507402 earnings per share for the current fiscal year.

Insider Transactions at IG Design Group

In related news, insider Rohan Cummings acquired 43,741 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average cost of GBX 91 per share, with a total value of £39,804.31. Also, insider John Gittins acquired 8,637 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were bought at an average price of GBX 91 per share, for a total transaction of £7,859.67. Over the last three months, insiders purchased 16,766,294 shares of company stock valued at $1,475,518,662. Company insiders own 21.41% of the company’s stock.

IG Design Group Company Profile

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.