Moonpig Group (LON:MOON) Earns Buy Rating from Canaccord Genuity Group

Moonpig Group (LON:MOON)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a report issued on Wednesday,Digital Look reports. They currently have a GBX 310 target price on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 45.24% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut Moonpig Group to a “hold” rating and reduced their price target for the stock from GBX 290 to GBX 235 in a research report on Friday, July 4th. Shore Capital reaffirmed a “not rated” rating on shares of Moonpig Group in a research report on Thursday, June 26th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 360 price target on shares of Moonpig Group in a research report on Friday, September 5th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Moonpig Group presently has an average rating of “Moderate Buy” and an average target price of GBX 300.33.

Moonpig Group Trading Up 0.7%

Shares of LON MOON opened at GBX 213.44 on Wednesday. Moonpig Group has a one year low of GBX 188.40 and a one year high of GBX 277.50. The firm has a market capitalization of £692.83 million, a PE ratio of -6,669.88 and a beta of 1.24. The company has a current ratio of 0.24, a quick ratio of 0.46 and a debt-to-equity ratio of 3,511.31. The business has a 50-day moving average price of GBX 207.55 and a two-hundred day moving average price of GBX 221.53.

Insider Buying and Selling at Moonpig Group

In other Moonpig Group news, insider Nickyl Raithatha sold 87,950 shares of the company’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of GBX 215, for a total transaction of £189,092.50. Also, insider Andy MacKinnon sold 51,999 shares of the company’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of GBX 215, for a total value of £111,797.85. 2.35% of the stock is currently owned by corporate insiders.

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.