IG Design Group (LON:IGR) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of IG Design Group (LON:IGR) in a research note published on Tuesday, MarketBeat.com reports. The brokerage currently has a GBX 120 price target on the stock.

IG Design Group Stock Up 0.9%

Shares of IG Design Group stock opened at GBX 56.50 on Tuesday. The company has a 50-day simple moving average of GBX 57.19 and a two-hundred day simple moving average of GBX 65.23. The stock has a market capitalization of £53.85 million, a PE ratio of -0.54 and a beta of 1.08. IG Design Group has a 52-week low of GBX 45.92 and a 52-week high of GBX 159. The company has a debt-to-equity ratio of 35.81, a quick ratio of 0.85 and a current ratio of 1.88.

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.