Moonpig Group (LON:MOON) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Moonpig Group (LON:MOON) had its target price raised by analysts at Canaccord Genuity Group from GBX 254 ($3.23) to GBX 267 ($3.39) in a report released on Monday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 16.59% from the company’s previous close.

Separately, Shore Capital restated a “not rated” rating on shares of Moonpig Group in a report on Tuesday, December 10th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 258 ($3.28).

Moonpig Group Trading Up 0.4 %

Shares of LON:MOON opened at GBX 229 ($2.91) on Monday. 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. The stock has a market capitalization of £789.82 million, a price-to-earnings ratio of 2,290.00 and a beta of 1.24. Moonpig Group has a 1-year low of GBX 148.20 ($1.88) and a 1-year high of GBX 277.50 ($3.53). The company has a 50 day moving average price of GBX 244.55 and a 200 day moving average price of GBX 211.77.

Insider Buying and Selling

In related news, insider Nickyl Raithatha sold 1,000,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of GBX 247 ($3.14), for a total transaction 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.