Moonpig Group (LON:MOON) Shares Down 4.1% – What’s Next?

Moonpig Group PLC (LON:MOON) was down 4.1% on Wednesday . The company traded as low as GBX 200 ($2.47) and last traded at GBX 200 ($2.47). Approximately 876,926 shares traded hands during trading, a decline of 10% from the average daily volume of 977,709 shares. The stock had previously closed at GBX 208.50 ($2.58).

Analyst Upgrades and Downgrades

MOON has been the subject of several research reports. Canaccord Genuity Group upped their target price on Moonpig Group from GBX 254 ($3.14) to GBX 267 ($3.30) and gave the stock a “buy” rating in a report on Monday, December 16th. Canaccord Genuity Group upped their price objective on shares of Moonpig Group from GBX 254 ($3.14) to GBX 267 ($3.30) and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, 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, According to MarketBeat.com, Moonpig Group presently has an average rating of “Buy” and a consensus target price of GBX 259.80 ($3.21).

Moonpig Group Price Performance

The stock has a fifty day moving average price of GBX 237.74 and a 200-day moving average price of GBX 217.79. The firm has a market capitalization of £689.80 million, a PE ratio of 2,000.00 and a beta of 1.24. The company has a debt-to-equity ratio of 3,511.31, a quick ratio of 0.46 and a current ratio of 0.24.

Moonpig Group Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 20th will be given a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, February 20th.

Insider Transactions at Moonpig Group

In other Moonpig Group news, insider Nickyl Raithatha sold 1,000,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of GBX 247 ($3.05), for a total value of £2,470,000 ($3,053,152.04). Insiders own 4.31% of the company’s stock.

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.