IG Design Group (LON:IGR) Insider Buys £14,645,523.20 in Stock

IG Design Group plc (LON:IGR) insider S Anders Hedlund bought 16,642,640 shares of the stock in a transaction on Tuesday, June 16th. The stock was purchased at an average price of GBX 88 per share, with a total value of £14,645,523.20.

IG Design Group Price Performance

Shares of IGR stock opened at GBX 82 on Wednesday. IG Design Group plc has a twelve month low of GBX 44 and a twelve month high of GBX 95. The stock has a market capitalization of £78.15 million, a price-to-earnings ratio of -0.31 and a beta of 0.75. The stock has a fifty day simple moving average of GBX 69.76 and a two-hundred day simple moving average of GBX 58.48. The company has a current ratio of 2.39, a quick ratio of 0.85 and a debt-to-equity ratio of 34.19.

IG Design Group (LON:IGR) last issued its earnings results on Tuesday, June 16th. The company reported GBX 5.60 earnings per share for the quarter. IG Design Group had a negative return on equity of 56.70% and a negative net margin of 23.57%.The business had revenue of £217.87 million during the quarter. On average, analysts predict that IG Design Group plc will post 16.1507402 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 150 target price on shares of IG Design Group in a report on Tuesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, IG Design Group has a consensus 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.