Moonpig Group (LON:MOON) Trading Down 0.5% – Here’s Why

Moonpig Group PLC (LON:MOON)’s stock price was down 0.5% during mid-day trading on Monday . The stock traded as low as GBX 192 ($2.47) and last traded at GBX 198.47 ($2.56). Approximately 1,108,368 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 2,640,182 shares. The stock had previously closed at GBX 199.40 ($2.57).

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Shore Capital reissued a “not rated” rating on shares of Moonpig Group in a research report on Tuesday, December 10th. Canaccord Genuity Group lifted their price target on Moonpig Group from GBX 254 ($3.27) to GBX 267 ($3.44) and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Canaccord Genuity Group increased their price objective on Moonpig Group from GBX 254 ($3.27) to GBX 267 ($3.44) and gave the company a “buy” rating in a research report on Monday, December 16th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 259.80 ($3.34).

Moonpig Group Stock Up 0.7 %

The firm has a 50 day moving average of GBX 214.41 and a 200-day moving average of GBX 222.84. 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. The stock has a market capitalization of £697.77 million, a P/E ratio of 20.60 and a beta of 1.24.

Moonpig Group Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 20th were given a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.37%. The ex-dividend date was Thursday, February 20th.

Moonpig Group Company Profile

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.