IG Design Group (LON:IGR) Trading 7.5% Higher - What's Next?

IG Design Group plc (LON:IGR - Get Free Report)'s share price shot up 7.5% on Wednesday . The stock traded as high as GBX 67 ($0.82) and last traded at GBX 63.23 ($0.78). 459,483 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 1,023,895 shares. The stock had previously closed at GBX 58.80 ($0.72).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their price objective on shares of IG Design Group from GBX 325 ($4.00) to GBX 270 ($3.32) and set a "buy" rating for the company in a research report on Thursday, September 26th.

IG Design Group Trading Up 6.3 %

The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.85 and a current ratio of 1.88. The stock has a market capitalization of £59.55 million, a price-to-earnings ratio of 223.21 and a beta of 1.08. The business has a fifty day simple moving average of GBX 127.97 and a 200 day simple moving average of GBX 156.18.

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.