IG Design Group (LON:IGR) Earns “Buy” Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of IG Design Group (LON:IGR) in a research note issued to investors on Wednesday morning, Digital Look reports. They currently have a GBX 680 ($8.89) price objective on the stock.

Shares of LON:IGR opened at GBX 620 ($8.10) on Wednesday. IG Design Group has a 1 year low of GBX 291.20 ($3.81) and a 1 year high of GBX 629.60 ($8.23). The business has a 50 day simple moving average of GBX 596.75 and a two-hundred day simple moving average of GBX 590.17. The firm has a market capitalization of $487.41 million and a PE ratio of 38.75. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.71 and a quick ratio of 0.76.

IG Design Group Company Profile

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: How does a security become overbought?

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