Moonpig Group (LON:MOON) Reaches New 12-Month High – What’s Next?

Posted by Jeff Wilder on Oct 14th, 2024

Moonpig Group PLC (LON:MOON – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 223 ($2.92) and last traded at GBX 222.50 ($2.91), with a volume of 386562 shares trading hands. The stock had previously closed at GBX 220.50 ($2.89).

Analysts Set New Price Targets

Several analysts have recently weighed in on MOON shares. Deutsche Bank Aktiengesellschaft upgraded Moonpig Group to a “buy” rating and upped their price objective for the company from GBX 195 ($2.55) to GBX 220 ($2.88) in a report on Tuesday, July 9th. Berenberg Bank increased their target price on shares of Moonpig Group from GBX 265 ($3.47) to GBX 280 ($3.66) and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, Jefferies Financial Group lifted their price target on shares of Moonpig Group from GBX 230 ($3.01) to GBX 265 ($3.47) and gave the stock a “buy” rating in a research report on Wednesday, July 3rd.

Get Our Latest Report on Moonpig Group

Moonpig Group Price Performance

The stock has a market capitalization of £774.30 million, a PE ratio of 2,205.00 and a beta of 1.24. The company has a quick ratio of 0.46, a current ratio of 0.24 and a debt-to-equity ratio of 3,511.31. The stock’s 50-day moving average is GBX 209.53 and its 200 day moving average is GBX 185.19.

Insider Activity at Moonpig Group

In other news, insider Andy MacKinnon sold 9,507 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of GBX 205 ($2.68), for a total transaction of £19,489.35 ($25,506.28). 4.31% of the stock is currently owned by company insiders.

About Moonpig Group

(Get Free Report)

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.