Moonpig Group (LON:MOON) Hits New 52-Week High – Still a Buy?

Moonpig Group PLC (LON:MOON) shares reached a new 52-week high during trading on Monday . The stock traded as high as GBX 223 ($2.91) and last traded at GBX 222.50 ($2.91), with a volume of 386562 shares changing hands. The stock had previously closed at GBX 220.50 ($2.88).

Analyst Ratings Changes

A number of research analysts recently weighed in on MOON shares. Jefferies Financial Group raised their target price on shares of Moonpig Group from GBX 230 ($3.00) to GBX 265 ($3.46) and gave the company a “buy” rating in a report on Wednesday, July 3rd. Berenberg Bank lifted their price objective on shares of Moonpig Group from GBX 265 ($3.46) to GBX 280 ($3.66) and gave the stock a “buy” rating in a research note on Friday, June 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Moonpig Group to a “buy” rating and upped their target price for the company from GBX 195 ($2.55) to GBX 220 ($2.87) in a research report on Tuesday, July 9th.

Moonpig Group Stock Performance

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. The business has a 50-day moving average of GBX 210.35 and a 200-day moving average of GBX 185.98. The company has a market capitalization of £886.39 million, a P/E ratio of 2,570.00 and a beta of 1.24.

Insider Transactions at Moonpig Group

In other news, insider Andy MacKinnon sold 9,507 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of GBX 205 ($2.68), for a total value of £19,489.35 ($25,449.66). Company insiders own 4.31% of the company’s stock.

Moonpig Group Company Profile

Moonpig Group PLC, together with its subsidiaries, provides online greeting cards and gifts in the Netherlands and the United Kingdom. The company sells its products under the Moonpig, Buyagift, RedLetterdays, and Greetz brands through website and mobile app. Moonpig Group PLC was founded in 2000 and is headquartered in London, the United Kingdom.