Moonpig Group (LON:MOON) Hits New 1-Year High – Still a Buy?

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MOON. Berenberg Bank reissued a “buy” rating and set a GBX 300 price objective on shares of Moonpig Group in a research report on Wednesday, September 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 235 target price on shares of Moonpig Group in a research report on Friday, June 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 315 target price on shares of Moonpig Group in a research note on Thursday, June 25th. Finally, Canaccord Genuity Group cut their target price on shares of Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating on the stock in a research note 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 stock. According to data from MarketBeat, Moonpig Group has a consensus rating of “Moderate Buy” and an average target price of GBX 289.17.

Moonpig Group Price Performance

The stock has a market cap of £878.85 million, a P/E ratio of 19.09 and a beta of 0.97. The firm has a 50-day moving average price of GBX 274.81 and a 200-day moving average price of GBX 246.43. The company has a debt-to-equity ratio of -216.13, a quick ratio of 0.46 and a current ratio of 0.21.

Insiders Place Their Bets

In related news, insider Andy MacKinnon sold 173,645 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of GBX 272, for a total value of £472,314.40. 2.76% of the stock is currently owned by 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. 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.