IG Design Group (LON:IGR) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

IG Design Group plc (LON:IGR) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 54.24 and traded as low as GBX 46. IG Design Group shares last traded at GBX 47, with a volume of 293,482 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 120 price target on shares of IG Design Group in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 120.

IG Design Group Trading Down 1.3%

The firm has a market capitalization of £44.20 million, a price-to-earnings ratio of -0.18 and a beta of 1.08. The company has a debt-to-equity ratio of 35.81, a quick ratio of 0.85 and a current ratio of 1.88. The company has a 50-day moving average price of GBX 48.40 and a 200-day moving average price of GBX 54.24.

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.