IG Design Group (LON:IGR) Shares Cross Below Fifty Day Moving Average of $731.42

IG Design Group PLC (LON:IGR)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $731.42 and traded as low as $724.00. IG Design Group shares last traded at $726.00, with a volume of 479,169 shares changing hands.

Several brokerages have weighed in on IGR. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 800 ($10.52) target price on shares of IG Design Group in a research note on Tuesday, November 26th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 680 ($8.95) target price on shares of IG Design Group in a research note on Tuesday, November 26th. Finally, Shore Capital reaffirmed a “not rated” rating on shares of IG Design Group in a research note on Tuesday, November 26th.

The firm has a 50 day simple moving average of GBX 731.80 and a two-hundred day simple moving average of GBX 651.10. The company has a debt-to-equity ratio of 133.08, a quick ratio of 0.79 and a current ratio of 1.16. The stock has a market cap of $612.22 million and a P/E ratio of 37.05.

The firm also recently announced a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 5th were paid a dividend of GBX 3 ($0.04) per share. This represents a yield of 0.46%. The ex-dividend date of this dividend was Thursday, December 5th. IG Design Group’s payout ratio is currently 0.47%.

IG Design Group Company Profile (LON:IGR)

IG Design Group plc designs, manufactures, and distributes celebrations, stationery and creative play, gifting, and not for sale consumable products. Its celebrations products include greetings cards, Christmas crackers, gift bags, partyware products, and gift wraps, as well as gift accessories, such as tags, strings, ribbons, and bows; and gifting products comprise frames, albums, diaries, and calendars, as well as food and non-food gifts.

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