IG Design Group (LON:IGR) Price Target Cut to GBX 270

IG Design Group (LON:IGR) had its target price dropped by equities researchers at Canaccord Genuity Group from GBX 325 ($4.35) to GBX 270 ($3.62) in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 106.90% from the company’s previous close.

IG Design Group Stock Performance

Shares of IGR stock opened at GBX 130.50 ($1.75) on Thursday. The company has a 50 day moving average price of GBX 190.93 and a 200-day moving average price of GBX 177.76. IG Design Group has a 52 week low of GBX 105 ($1.41) and a 52 week high of GBX 240 ($3.21). The firm has a market capitalization of £124.34 million, a PE ratio of 481.99 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.04.

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.