Moonpig Group (LON:MOON) Hits New 52-Week High at $213.00

Shares of Moonpig Group PLC (LON:MOON) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 213 ($2.75) and last traded at GBX 213 ($2.75), with a volume of 1583044 shares. The stock had previously closed at GBX 207 ($2.68).

Wall Street Analysts Forecast Growth

MOON has been the subject of several research analyst reports. Berenberg Bank lifted their price target on Moonpig Group from GBX 265 ($3.43) to GBX 280 ($3.62) and gave the stock a “buy” rating in a research note on Friday, June 28th. Deutsche Bank Aktiengesellschaft upgraded Moonpig Group to a “buy” rating and lifted their price objective for the stock from GBX 195 ($2.52) to GBX 220 ($2.85) in a report on Tuesday, July 9th. Finally, Jefferies Financial Group lifted their price objective on Moonpig Group from GBX 230 ($2.97) to GBX 265 ($3.43) and gave the stock a “buy” rating in a report on Wednesday, July 3rd.

Moonpig Group Price Performance

The business has a fifty day simple moving average of GBX 174.14 and a two-hundred day simple moving average of GBX 166.75. The company has a current ratio of 0.39, a quick ratio of 0.46 and a debt-to-equity ratio of 96.66. The stock has a market cap of £721.60 million, a PE ratio of 2,100.00 and a beta of 1.27.

Insider Transactions at Moonpig Group

In other news, insider Nickyl Raithatha sold 614,213 shares of the business’s stock in a transaction that occurred on Thursday, July 4th. The stock was sold at an average price of GBX 182 ($2.35), for a total value of £1,117,867.66 ($1,445,767.80). Insiders own 6.73% 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.