Canaccord Genuity Group Increases IG Design Group (LON:IGR) Price Target to GBX 325

IG Design Group (LON:IGR) had its price objective hoisted by research analysts at Canaccord Genuity Group from GBX 275 ($3.45) to GBX 325 ($4.08) in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 103.13% from the stock’s previous close.

IG Design Group Price Performance

LON:IGR opened at GBX 160 ($2.01) on Tuesday. The firm has a market cap of £157.25 million, a price-to-earnings ratio of -727.27 and a beta of 1.17. The company has a debt-to-equity ratio of 44.29, a quick ratio of 0.85 and a current ratio of 1.64. IG Design Group has a 52 week low of GBX 105 ($1.32) and a 52 week high of GBX 173.20 ($2.18). The firm’s 50-day simple moving average is GBX 120.76 and its 200 day simple moving average is GBX 132.90.

About IG Design Group

IG Design Group plc engages in the design, production, and distribution of celebrations, craft and creative play, stationery, gifting, and not for re-sale consumable products in the Americas, the United Kingdom, and internationally. It operates in two segments, the DG Americas and the DG International.