Moonpig Group (LON:MOON) Sets New 1-Year High - Should You Buy?

Key Points

• Moonpig shares reached a new 52-week high, rising 3.2% intraday to GBX 293.80, with a market capitalization of approximately £859 million.
• Analysts remain broadly positive: five rate the stock a Buy and one a Hold, producing a “Moderate Buy” consensus rating and an average price target of GBX 289.17.
• Insider Andy MacKinnon sold 173,645 shares for approximately £472,314; company insiders own 2.76% of Moonpig’s stock.

Moonpig Group PLC (LON:MOON - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as GBX 293.80 and last traded at GBX 293.40, with a volume of 1,245,608 shares traded. The stock had previously closed at GBX 282.20.

Analysts Set New Price Targets

MOON has been the topic of a number of research analyst reports. Berenberg Bank reissued a "buy" rating and issued a GBX 300 target price on shares of Moonpig Group in a research note on Wednesday, September 16th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 315 price target on shares of Moonpig Group in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 235 price objective on shares of Moonpig Group in a research report on Friday, June 26th. Finally, Canaccord Genuity Group reduced their price objective on Moonpig Group from GBX 310 to GBX 300 and set a "buy" rating on the stock in a research report on Friday, June 26th. Five equities research 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.com, Moonpig Group currently has an average rating of "Moderate Buy" and a consensus price target of GBX 289.17.

Moonpig Group Trading Up 3.2%

The stock has a market capitalization of £859.37 million, a P/E ratio of 18.67 and a beta of 0.97. The company has a current ratio of 0.21, a quick ratio of 0.46 and a debt-to-equity ratio of -216.13. The stock's fifty day moving average price is GBX 274.44 and its two-hundred day moving average price is GBX 245.47.

Insider Activity at Moonpig Group

In related news, insider Andy MacKinnon sold 173,645 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of GBX 272, for a total transaction of £472,314.40. Corporate insiders own 2.76% 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. The Moonpig brand also operates in Ireland, Australia and the United States. The Group's leading customer proposition includes an extensive range of cards, a curated range of gifts, personalisation features and next day delivery offering.

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