IG Design Group (LON:IGR) Issues Earnings Results

IG Design Group (LON:IGR) announced its quarterly earnings data on Tuesday. The company reported GBX 5.60 EPS for the quarter, Digital Look Earnings reports. IG Design Group had a negative return on equity of 56.70% and a negative net margin of 23.57%.The firm had revenue of £217.87 million during the quarter.

IG Design Group Stock Performance

LON IGR opened at GBX 83.10 on Tuesday. The company has a fifty day simple moving average of GBX 69.22 and a 200 day simple moving average of GBX 58.24. IG Design Group has a 12-month low of GBX 44 and a 12-month high of GBX 95. The company has a current ratio of 2.39, a quick ratio of 0.85 and a debt-to-equity ratio of 34.19. The company has a market cap of £79.20 million, a P/E ratio of -0.32 and a beta of 0.75.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised shares of IG Design Group to a “buy” rating and lifted their price target for the company from GBX 130 to GBX 150 in a research report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 150.

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.