Moonpig Group (LON:MOON) Hits New 12-Month High – Here’s Why

Moonpig Group PLC (LON:MOON) shares reached a new 52-week high during trading on Thursday. The stock traded as high as GBX 293.80 and last traded at GBX 293.40, with a volume of 1,245,608 shares. The stock had previously closed at GBX 282.20.

Analyst Ratings Changes

A number of research firms have recently weighed in on MOON. Berenberg Bank reissued a “buy” rating and issued a GBX 300 target price on shares of Moonpig Group in a research note on Wednesday, September 16th. Canaccord Genuity Group dropped their target price on Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating for the company in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 235 price target on shares of Moonpig Group in a research report on Friday, June 26th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 315 price target on shares of Moonpig Group in a research note on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 289.17.

Moonpig Group Trading Up 3.2%

The company has a debt-to-equity ratio of -216.13, a current ratio of 0.21 and a quick ratio of 0.46. The firm’s 50 day moving average is GBX 274.44 and its 200 day moving average is GBX 245.47. The company has a market capitalization of £859.37 million, a PE ratio of 18.67 and a beta of 0.97.

Insiders Place Their Bets

In other Moonpig Group news, insider Andy MacKinnon sold 173,645 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of GBX 272, for a total transaction of £472,314.40. 2.76% of the stock is owned by insiders.

Moonpig Group Company Profile

Moonpig Group plc is a leading online greeting card and gifting platform, comprising the Moonpig, Buyagift and Red Letter Days brands in the UK and the Greetz brand in the Netherlands. The Group is the online market leader in cards in both of its core markets and is also the UK market leader in gift experiences. The Moonpig brand also operates in Ireland, Australia and the United States.

The Group’s leading customer proposition includes an extensive range of cards, a curated range of gifts, personalisation features and next day delivery offering.