IG Design Group (LON:IGR) Sets New 1-Year Low – What’s Next?

IG Design Group plc (LON:IGR)’s share price reached a new 52-week low on Monday . The stock traded as low as GBX 44 and last traded at GBX 44, with a volume of 46851 shares changing hands. The stock had previously closed at GBX 44.01.

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, October 28th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 120.

IG Design Group Trading Up 0.5%

The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 35.81. The business has a 50 day moving average of GBX 53.81 and a 200-day moving average of GBX 64.62. The stock has a market cap of £42.13 million, a PE ratio of -0.42 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.