Key Points
- Insider purchase: IG Design Group insider Ari Bensoussan bought 465,799 shares at GBX 92 each, investing approximately £428,535.
- Stock performance: Shares opened at GBX 99.80, up 8.5%, with a 12-month range of GBX 44 to GBX 110 and a market capitalization of about £89.85 million.
- Analyst outlook: Canaccord Genuity reaffirmed a “Buy” rating and GBX 150 price target; the stock has a consensus “Buy” rating from analysts.
IG Design Group plc (LON:IGR - Get Free Report) insider Ari Bensoussan bought 465,799 shares of the firm's stock in a transaction on Thursday, October 8th. The shares were acquired at an average price of GBX 92 per share, for a total transaction of £428,535.08.
IG Design Group Stock Up 8.5%
Shares of IGR opened at GBX 99.80 on Friday. The company has a current ratio of 3.03, a quick ratio of 0.85 and a debt-to-equity ratio of 33.47. IG Design Group plc has a 12 month low of GBX 44 and a 12 month high of GBX 110. The firm's 50 day moving average is GBX 94.15 and its 200-day moving average is GBX 80.44. The stock has a market capitalization of £89.85 million, a PE ratio of -0.85 and a beta of 0.78.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 150 price objective on shares of IG Design Group in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of GBX 150.
Read Our Latest Report on IGR
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.
Its five major product categories are: Celebrations, Craft, Stationery and Creative Play, Gifting, and Not-for-resale consumables.
Further Reading
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