Moonpig Group (LON:MOON) Earns "Buy" Rating from Peel Hunt

Key Points

• Moonpig Group has received a "buy" rating from Peel Hunt, with a price target of GBX 300, indicating a potential upside of 39.86% from its current price.
• Multiple research analysts have reiterated buy ratings for Moonpig, but Deutsche Bank has downgraded its rating to "hold" with a lower price target of GBX 235.
• Insider transactions included the sale of almost 140,000 shares by insiders, with 2.35% of the stock owned by corporate insiders.

Moonpig Group (LON:MOON - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Peel Hunt in a note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 300 price objective on the stock. Peel Hunt's price target would indicate a potential upside of 40.58% from the company's previous close.

A number of other analysts have also commented on the company. Canaccord Genuity Group reissued a "buy" rating and set a GBX 310 price target on shares of Moonpig Group in a research note on Wednesday. Shore Capital restated a "not rated" rating on shares of Moonpig Group in a research report on Thursday, June 26th. UBS Group reiterated a "buy" rating and issued a GBX 360 target price on shares of Moonpig Group in a report on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded Moonpig Group to a "hold" rating and decreased their price objective for the company from GBX 290 to GBX 235 in a report on Friday, July 4th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of GBX 300.33.

Moonpig Group Stock Down 0.3%

LON:MOON traded down GBX 0.60 during trading hours on Thursday, reaching GBX 213.40. 2,706,861 shares of the stock were exchanged, compared to its average volume of 2,065,479. The stock has a market cap of £692.71 million, a PE ratio of -6,668.69 and a beta of 1.24. 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 twelve month low of GBX 188.40 and a twelve month high of GBX 277.50. The firm has a 50 day moving average of GBX 207.57 and a 200 day moving average of GBX 221.56.

Insider Activity

In other Moonpig Group news, insider Nickyl Raithatha sold 87,950 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of GBX 215, for a total value of £189,092.50. Also, insider Andy MacKinnon sold 51,999 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of GBX 215, for a total value of £111,797.85. Corporate insiders own 2.35% of the company's stock.

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.