IG Design Group (LON:IGR) Shares Cross Below Two Hundred Day Moving Average – Here’s Why
by Jessica Moore · The Cerbat GemIG Design Group plc (LON:IGR – Get Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 57.10 and traded as low as GBX 49.02. IG Design Group shares last traded at GBX 49.31, with a volume of 193,021 shares.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 120 price objective on shares of IG Design Group in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, IG Design Group presently has an average rating of “Buy” and a consensus target price of GBX 120.
Check Out Our Latest Analysis on IG Design Group
IG Design Group Price Performance
The company has a 50-day moving average of GBX 48.33 and a two-hundred day moving average of GBX 56.93. The company has a debt-to-equity ratio of 35.81, a current ratio of 1.88 and a quick ratio of 0.85. The stock has a market capitalization of £47.00 million, a PE ratio of -0.19 and a beta of 1.08.
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.