IG Design Group (LON:IGR) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of IG Design Group plc (LON:IGR) passed above its fifty day moving average during trading on Friday . The stock has a fifty 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.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated 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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 120.

IG Design Group Stock Down 4.2%

The firm has a 50-day moving average of GBX 49.93 and a two-hundred day moving average of GBX 60.91. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.81. The company has a market capitalization of £47.67 million, a PE ratio of -0.19 and a beta of 1.08.

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.

Its five major product categories are: Celebrations, Craft, Stationery and Creative Play, Gifting, and Not-for-resale consumables.