IG Design Group (LON:IGR) Now Covered by Canaccord Genuity Group

Research analysts at Canaccord Genuity Group started coverage on shares of IG Design Group (LON:IGR) in a research report issued on Tuesday, MarketBeat.com reports. The brokerage set a “buy” rating and a GBX 120 ($1.59) price target on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 92.77% from the company’s previous close.

IG Design Group Trading Down 2.7%

Shares of IG Design Group stock traded down GBX 1.75 ($0.02) during mid-day trading on Tuesday, hitting GBX 62.25 ($0.83). 472,243 shares of the stock were exchanged, compared to its average volume of 369,315. The company has a 50-day simple moving average of GBX 79.30 and a 200 day simple moving average of GBX 67.49. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 35.81. The stock has a market capitalization of £61.09 million, a price-to-earnings ratio of 2.11 and a beta of 1.08. IG Design Group has a twelve month low of GBX 45.92 ($0.61) and a twelve month high of GBX 231 ($3.07).

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.