IG Design Group (LON:IGR) Upgraded to “Buy” at Canaccord Genuity Group

IG Design Group (LON:IGR) was upgraded by equities research analysts at Canaccord Genuity Group to a “buy” rating in a report released on Thursday,London Stock Exchange reports. The firm currently has a GBX 150 target price on the stock, up from their prior target price of GBX 130. Canaccord Genuity Group’s price objective suggests a potential upside of 111.60% from the company’s previous close.

IG Design Group Trading Up 26.6%

IGR traded up GBX 14.89 during trading on Thursday, reaching GBX 70.89. The company had a trading volume of 2,567,596 shares, compared to its average volume of 339,247. The firm’s 50-day simple moving average is GBX 56.35 and its 200 day simple moving average is GBX 52.56. The company has a market cap of £67.56 million, a price-to-earnings ratio of -0.27 and a beta of 0.54. IG Design Group has a 12-month low of GBX 44 and a 12-month high of GBX 96. The company has a debt-to-equity ratio of 34.19, a quick ratio of 0.85 and a current ratio of 2.39.

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.