IG Design Group PLC 60.6% potential upside indicated by Canaccord Genuity

Broker Ratings

IG Design Group PLC with ticker (LON:IGR) now has a potential upside of 60.6% according to Canaccord Genuity.

Canaccord Genuity set a target price of 620 GBX for the company, which when compared to the IG Design Group PLC share price of 244 GBX at opening today (25/11/2021) indicates a potential upside of 60.6%. Trading has ranged between 221 (52 week low) and 653 (52 week high) with an average of 386,937 shares exchanging hands daily. The market capitalisation at the time of writing is £240,602,755.

IG Design Group plc, formerly International Greetings plc, is engaged in the design, manufacture and distribution of gift packaging and greetings; stationery and creative play products, and design-led giftware. The Company’s geographic segments include UK and Asia; Europe; USA, and Australia. The Company sells its products in over 150,000 stores across approximately 80 countries. It also offers a portfolio of licensed and customer bespoke products suitable for sale through multi channel distribution. The Company’s products include crackers, pens and pencils, stickers, single cards and gift wrap. The Company offers its products under the brands A Star, B Stationery, Papercraft and Pepperpot. Its subsidiaries include Artwrap Pty Ltd, International Greetings UK Ltd, International Greetings USA, Inc, International Greetings Asia Ltd, The Huizhou Gift International Greetings Company Limited, Hoomark BV, Anchor International BV and Hoomark S.p.z.o.o.

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