Canaccord Genuity Group Raises Moonpig Group (LON:MOON) Price Target to GBX 267

Moonpig Group (LON:MOON) had its target price increased by investment analysts at Canaccord Genuity Group from GBX 254 ($3.23) to GBX 267 ($3.39) in a note issued to investors on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 18.14% from the company’s previous close.

A number of other equities analysts also recently issued reports on MOON. Shore Capital reiterated a “not rated” rating on shares of Moonpig Group in a report on Tuesday, December 10th. Canaccord Genuity Group raised their price objective on Moonpig Group from GBX 254 ($3.23) to GBX 267 ($3.39) and gave the company a “buy” rating in a research report on Monday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 259.80 ($3.30).

Moonpig Group Trading Down 1.3 %

LON:MOON traded down GBX 3 ($0.04) during mid-day trading on Monday, reaching GBX 226 ($2.87). 2,163,550 shares of the company’s stock traded hands, compared to its average volume of 1,167,322. The company has a debt-to-equity ratio of 3,511.31, a current ratio of 0.24 and a quick ratio of 0.46. Moonpig Group has a 12-month low of GBX 148.20 ($1.88) and a 12-month high of GBX 277.50 ($3.53). The firm has a market capitalization of £779.47 million, a price-to-earnings ratio of 2,260.00 and a beta of 1.24. 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 Activity

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