Moonpig Group PLC (LON:MOON) Stock Has Average Price Target of GBX 289.17 According to Brokerages

Shares of Moonpig Group PLC (LON:MOON) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 289.17.

A number of research firms have weighed in on MOON. Berenberg Bank reiterated a “buy” rating and set a GBX 300 price target on shares of Moonpig Group in a research note on Wednesday, September 16th. Jefferies Financial Group restated a “buy” rating and issued a GBX 315 price objective on shares of Moonpig Group in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 235 price objective on shares of Moonpig Group in a report on Friday, June 26th. Finally, Canaccord Genuity Group reduced their price objective on shares of Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating for the company in a report on Friday, June 26th.

Insider Activity

In related news, insider Andy MacKinnon sold 173,645 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of GBX 272, for a total transaction of £472,314.40. Insiders own 2.76% of the company’s stock.

Moonpig Group Price Performance

Shares of LON:MOON opened at GBX 282.20 on Friday. The firm has a market capitalization of £832.81 million, a PE ratio of 18.09 and a beta of 0.97. The company has a current ratio of 0.21, a quick ratio of 0.46 and a debt-to-equity ratio of -216.13. Moonpig Group has a 1-year low of GBX 193.40 and a 1-year high of GBX 293. The business’s 50 day moving average is GBX 274.44 and its 200-day moving average is GBX 245.47.

About Moonpig Group

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.