IG Design Group (LON:IGR) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Posted by Joseph Casey on Jan 10th, 2025

IG Design Group plc (LON:IGR – Get Free Report) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 133.84 ($1.65) and traded as high as GBX 158 ($1.94). IG Design Group shares last traded at GBX 152 ($1.87), with a volume of 830,054 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their price target on shares of IG Design Group from GBX 325 ($4.00) to GBX 270 ($3.32) and set a “buy” rating on the stock in a report on Thursday, September 26th.

Check Out Our Latest Report on IG Design Group

IG Design Group Trading Down 1.3 %

The business has a fifty day simple moving average of GBX 133.94 and a 200-day simple moving average of GBX 163.35. The firm has a market cap of £138.78 million, a price-to-earnings ratio of 520.18 and a beta of 1.08. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.85 and a current ratio of 1.88.

IG Design Group Company Profile

(Get Free Report)

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.