Moonpig Group (LON:MOON) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Posted by ABMN Staff on Dec 18th, 2024

Moonpig Group (LON:MOON – Get Free Report) had its price objective boosted by equities research analysts at Canaccord Genuity Group from GBX 254 ($3.23) to GBX 267 ($3.39) in a note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 16.59% from the company’s current price.

Separately, Shore Capital reaffirmed a “not rated” rating on shares of Moonpig Group in a research note on Tuesday, December 10th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Moonpig Group presently has an average rating of “Buy” and an average price target of GBX 258 ($3.28).

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Moonpig Group Stock Performance

Shares of LON:MOON opened at GBX 229 ($2.91) on Monday. The stock has a market capitalization of £789.82 million, a price-to-earnings ratio of 2,290.00 and a beta of 1.24. The business’s fifty day moving average price is GBX 244.55 and its two-hundred day moving average price is GBX 211.77. Moonpig Group has a fifty-two week low of GBX 148.20 ($1.88) and a fifty-two week high of GBX 277.50 ($3.53). 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.

Insider Buying and Selling at Moonpig Group

In other Moonpig Group news, insider Nickyl Raithatha sold 1,000,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of GBX 247 ($3.14), for a total transaction of £2,470,000 ($3,140,096.62). Corporate insiders own 4.31% of the company’s stock.

About Moonpig Group

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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.