Deutsche Bank Aktiengesellschaft Upgrades Moonpig Group (LON:MOON) to “Buy”

Deutsche Bank Aktiengesellschaft upgraded shares of Moonpig Group (LON:MOON) to a buy rating in a research report released on Tuesday, Marketbeat reports. The brokerage currently has GBX 220 ($2.82) price target on the stock, up from their previous price target of GBX 195 ($2.50).

MOON has been the topic of a number of other research reports. Berenberg Bank boosted their price objective on Moonpig Group from GBX 265 ($3.39) to GBX 280 ($3.59) and gave the stock a buy rating in a research note on Friday, June 28th. Jefferies Financial Group boosted their price target on shares of Moonpig Group from GBX 230 ($2.95) to GBX 265 ($3.39) and gave the company a buy rating in a research report on Wednesday, July 3rd.

Moonpig Group Trading Up 1.6 %

Shares of Moonpig Group stock opened at GBX 201.50 ($2.58) on Tuesday. The company has a debt-to-equity ratio of 96.66, a current ratio of 0.39 and a quick ratio of 0.46. The stock’s 50 day simple moving average is GBX 164.78 and its 200-day simple moving average is GBX 163.65. The stock has a market cap of £692.39 million, a P/E ratio of 2,015.00 and a beta of 1.27. Moonpig Group has a 1-year low of GBX 145.60 ($1.86) and a 1-year high of GBX 206.50 ($2.65).

Insider Buying and Selling

In other Moonpig Group news, insider Nickyl Raithatha sold 614,213 shares of the company’s stock in a transaction dated Thursday, July 4th. The shares were sold at an average price of GBX 182 ($2.33), for a total value of £1,117,867.66 ($1,431,878.65). 6.73% of the stock is currently owned by company insiders.

About Moonpig Group

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.