IG Design Group (LON:IGR) Share Price Crosses Above 50 Day Moving Average – Here’s Why

IG Design Group plc (LON:IGR)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 49.93 and traded as high as GBX 51.60. IG Design Group shares last traded at GBX 50.02, with a volume of 358,853 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 120 target price on shares of IG Design Group in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 120.

IG Design Group Stock Performance

The company’s 50-day moving average price is GBX 49.93 and its two-hundred day moving average price is GBX 61.10. The company has a market cap of £47.67 million, a P/E ratio of -0.19 and a beta of 1.08. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 35.81.

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.