IG Design Group (LON:IGR) Issues Earnings Results

IG Design Group (LON:IGR) posted its earnings results on Tuesday. The company reported GBX 5.60 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of £217.87 million for the quarter. IG Design Group had a negative return on equity of 56.70% and a negative net margin of 23.57%.

IG Design Group Price Performance

Shares of IGR opened at GBX 83.10 on Tuesday. The stock has a market cap of £79.20 million, a PE ratio of -0.32 and a beta of 0.75. The business has a 50-day simple moving average of GBX 69.22 and a two-hundred day simple moving average of GBX 58.24. The company has a quick ratio of 0.85, a current ratio of 2.39 and a debt-to-equity ratio of 34.19. IG Design Group has a 12-month low of GBX 44 and a 12-month high of GBX 95.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upgraded IG Design Group to a “buy” rating and boosted their price target for the company from GBX 130 to GBX 150 in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, IG Design Group currently has an average rating of “Buy” and an average 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.