Moonpig Group (LON:MOON) Sets New 12-Month High - Still a Buy?

Key Points

• Moonpig shares reached a new 52-week high of GBX 301.40 and last traded at GBX 296.60, valuing the company at approximately £871 million.
• Analyst sentiment remains positive overall, with five Buy ratings and one Hold rating, producing a consensus rating of “Moderate Buy” and an average price target of GBX 289.17.
• Insider Andy MacKinnon sold 173,645 shares for approximately £472,000, while company insiders collectively own 2.76% of Moonpig’s stock.

Shares of Moonpig Group PLC (LON:MOON - Get Free Report) reached a new 52-week high on Wednesday. The company traded as high as GBX 301.40 and last traded at GBX 296.60, with a volume of 689,106 shares changing hands. The stock had previously closed at GBX 297.60.

Analyst Ratings Changes

Several equities analysts recently weighed in on MOON shares. Canaccord Genuity Group lowered their target price 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. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 235 target price on shares of Moonpig Group in a report on Friday, June 26th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 315 price target on shares of Moonpig Group in a report on Thursday, June 25th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 300 target price on shares of Moonpig Group in a research report on Wednesday, September 16th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 289.17.

Moonpig Group Price Performance

The stock has a market cap of £871.17 million, a price-to-earnings ratio of 18.92 and a beta of 0.97. The stock's 50 day moving average price is GBX 275.32 and its two-hundred day moving average price is GBX 247.94. The company has a quick ratio of 0.46, a current ratio of 0.21 and a debt-to-equity ratio of -216.13.

Insider Transactions at Moonpig Group

In other Moonpig Group news, insider Andy MacKinnon sold 173,645 shares of the company's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of GBX 272, for a total value of £472,314.40. Company 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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