IG Design Group (LON:IGR) Shares Up 9% – Still a Buy?

Shares of IG Design Group plc (LON:IGR) shot up 9% on Tuesday . The company traded as high as GBX 149.90 ($1.88) and last traded at GBX 149.90 ($1.88). 162,096 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 197,591 shares. The stock had previously closed at GBX 137.50 ($1.73).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their target price on shares of IG Design Group from GBX 325 ($4.08) to GBX 270 ($3.39) and set a “buy” rating for the company in a research report on Thursday, September 26th.

IG Design Group Trading Up 9.1 %

The business’s 50 day moving average is GBX 130.85 and its two-hundred day moving average is GBX 166.53. The firm has a market capitalization of £142.92 million, a P/E ratio of 535.71 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.04.

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.