IG Design Group (LON:IGR) Given “Buy” Rating at Canaccord Genuity

Canaccord Genuity restated their buy rating on shares of IG Design Group (LON:IGR) in a research note issued to investors on Thursday morning, Digital Look reports. The firm currently has a GBX 800 ($10.45) price target on the stock.

Separately, Berenberg Bank reissued a buy rating and set a GBX 680 ($8.89) target price on shares of IG Design Group in a report on Wednesday, October 9th.

Shares of IGR stock opened at GBX 623 ($8.14) on Thursday. The stock’s fifty day moving average is GBX 601.55 and its 200-day moving average is GBX 592.57. The stock has a market capitalization of $489.77 million and a PE ratio of 38.94. IG Design Group has a 52 week low of GBX 291.20 ($3.81) and a 52 week high of GBX 629.60 ($8.23). The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.76 and a current ratio of 1.71.

About IG Design Group

IG Design Group plc designs, manufactures, and distributes celebrations, stationery and creative play, gifting, and not for sale consumable products. Its celebrations products include greetings cards, Christmas crackers, gift bags, partyware products, and gift wraps, as well as gift accessories, such as tags, strings, ribbons, and bows; and gifting products comprise frames, albums, diaries, and calendars, as well as food and non-food gifts.

Further Reading: What is a Leveraged Buyout (LBO)?

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