Moonpig Group (LON:MOON) Receives 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 equities research analysts at Peel Hunt in a report issued on Thursday,London Stock Exchange reports. They currently have a GBX 300 price target on the stock. Peel Hunt's price target points to a potential upside of 39.86% from the stock's current price.

Several other equities research analysts have also recently issued reports on the company. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 310 price target on shares of Moonpig Group in a research note on Wednesday. Shore Capital reiterated a "not rated" rating on shares of Moonpig Group in a research note on Thursday, June 26th. UBS Group reiterated a "buy" rating and issued a GBX 360 price target on shares of Moonpig Group in a research note on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft cut Moonpig Group to a "hold" rating and cut their price target for the company from GBX 290 to GBX 235 in a research note on Friday, July 4th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Moonpig Group currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 300.33.

Moonpig Group Trading Up 1.2%

Shares of LON:MOON opened at GBX 214.50 on Thursday. Moonpig Group has a 12-month low of GBX 188.40 and a 12-month high of GBX 277.50. The stock has a market cap of £696.28 million, a PE ratio of -6,703.13 and a beta of 1.24. The business has a 50 day moving average of GBX 207.62 and a 200-day moving average of GBX 221.54. The company has a quick ratio of 0.46, a current ratio of 0.24 and a debt-to-equity ratio of 3,511.31.

Insider Buying and Selling at Moonpig Group

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

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.

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