Canaccord Genuity Group Issues Positive Forecast for Moonpig Group (LON:MOON) Stock Price

Moonpig Group (LON:MOON) had its price target raised by Canaccord Genuity Group from GBX 254 ($3.23) to GBX 267 ($3.39) in a research note issued on Monday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 18.14% from the company’s previous close.

A number of other equities research analysts have also weighed in on MOON. Canaccord Genuity Group lifted their price objective on shares of Moonpig Group from GBX 254 ($3.23) to GBX 267 ($3.39) and gave the company a “buy” rating in a report on Monday. Shore Capital reissued a “not rated” rating on shares of Moonpig Group in a research report on Tuesday, December 10th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 259.80 ($3.30).

Moonpig Group Trading Down 1.3 %

LON:MOON traded down GBX 3 ($0.04) during midday trading on Monday, hitting GBX 226 ($2.87). 2,163,550 shares of the company traded hands, compared to its average volume of 1,167,322. The company has a current ratio of 0.24, a quick ratio of 0.46 and a debt-to-equity ratio of 3,511.31. The firm’s fifty day moving average is GBX 244.55 and its 200-day moving average is GBX 211.77. The firm has a market capitalization of £779.47 million, a P/E ratio of 2,260.00 and a beta of 1.24. Moonpig Group has a 12-month low of GBX 148.20 ($1.88) and a 12-month high of GBX 277.50 ($3.53).

Insiders Place Their Bets

In related news, insider Nickyl Raithatha sold 1,000,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of GBX 247 ($3.14), for a total value of £2,470,000 ($3,140,096.62). Corporate insiders own 4.31% of the company’s stock.

Moonpig Group Company Profile

Moonpig Group PLC, together with its subsidiaries, provides online greeting cards and gifts in the Netherlands and the United Kingdom. The company sells its products under the Moonpig, Buyagift, RedLetterdays, and Greetz brands through website and mobile app. Moonpig Group PLC was founded in 2000 and is headquartered in London, the United Kingdom.