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

Key Points

• Canaccord Genuity Group has reaffirmed a buy rating for Moonpig Group (LON:MOON) with a price target of GBX 310, suggesting a potential upside of 45% from the stock's previous close.
• Other analysts have mixed opinions; Deutsche Bank downgraded the stock to a "hold" with a reduced target of GBX 235, while UBS maintains a buy rating with a target of GBX 360.
• Moonpig Group operates as a leading online greeting card and gifting platform in the UK and has a current market capitalization of approximately £693.98 million.

Moonpig Group (LON:MOON - Get Free Report)'s stock had its "buy" rating restated by analysts at Canaccord Genuity Group in a research note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 310 price target on the stock. Canaccord Genuity Group's target price suggests a potential upside of 43.70% from the stock's current price.

Several other equities analysts have also recently issued reports on the company. UBS Group reaffirmed a "buy" rating and issued a GBX 360 price objective on shares of Moonpig Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft lowered Moonpig Group to a "hold" rating and reduced their price objective for the stock from GBX 290 to GBX 235 in a research note on Friday, July 4th. Finally, Shore Capital restated a "not rated" rating on shares of Moonpig Group in a research note on Thursday, June 26th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 300.33.

Moonpig Group Stock Up 1.3%

Moonpig Group stock traded up GBX 2.73 during trading hours on Wednesday, hitting GBX 215.73. 884,316 shares of the stock traded hands, compared to its average volume of 2,059,230. The firm's 50-day moving average price is GBX 207.57 and its two-hundred day moving average price is GBX 221.65. 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 company has a market cap of £700.27 million, a PE ratio of -6,741.53 and a beta of 1.24. Moonpig Group has a one year low of GBX 188.40 and a one year high of GBX 277.50.

Insider Buying and Selling

In other news, insider Nickyl Raithatha sold 87,950 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were 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 stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of GBX 215, for a total transaction of £111,797.85. Company insiders own 2.35% of the company's stock.

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.