IG Design Group (LON:IGR) Trading 9% Higher - Still a Buy?

IG Design Group plc (LON:IGR - Get Free Report)'s stock price shot up 9% during trading on Tuesday . The stock traded as high as GBX 149.90 ($1.88) and last traded at GBX 149.90 ($1.88). 162,096 shares changed hands during trading, a decline of 18% from the average session volume of 197,591 shares. The stock had previously closed at GBX 137.50 ($1.72).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price objective on shares of IG Design Group from GBX 325 ($4.07) to GBX 270 ($3.38) and set a "buy" rating for the company in a research note on Thursday, September 26th.

IG Design Group Stock Up 11.6 %

The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 35.04. The business has a 50 day moving average of GBX 131.40 and a 200-day moving average of GBX 166.08. The stock has a market cap of £146.16 million, a PE ratio of 547.86 and a beta of 1.08.

About IG Design Group

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.