Moonpig Group PLC (LON:MOON – Get Free Report) rose 9.4% during mid-day trading on Wednesday . The company traded as high as GBX 252.50 ($3.30) and last traded at GBX 250 ($3.26). Approximately 1,865,534 shares traded hands during trading, an increase of 71% from the average daily volume of 1,087,822 shares. The stock had previously closed at GBX 228.50 ($2.98).
Analysts Set New Price Targets
Several equities analysts recently weighed in on MOON shares. Jefferies Financial Group raised their price target on shares of Moonpig Group from GBX 230 ($3.00) to GBX 265 ($3.46) and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Berenberg Bank lifted their target price on Moonpig Group from GBX 265 ($3.46) to GBX 280 ($3.66) and gave the company a “buy” rating in a research report on Friday, June 28th. Finally, Deutsche Bank Aktiengesellschaft raised Moonpig Group to a “buy” rating and increased their price target for the company from GBX 195 ($2.55) to GBX 220 ($2.87) in a research report on Tuesday, July 9th.
Check Out Our Latest Stock Analysis on MOON
Moonpig Group Stock Performance
Insider Activity at Moonpig Group
In other Moonpig Group news, insider Andy MacKinnon sold 9,507 shares of the company’s stock in a transaction 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). 4.31% of the stock is currently owned by company insiders.
About Moonpig Group
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.
See Also
- Five stocks we like better than Moonpig Group
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Goldman Sachs Earnings Reveal Market Moves Investors Can’t Ignore
- How to Invest in Biotech Stocks
- AMD Gains Momentum With AI: Can It Beat Expectations?
- NYSE Stocks Give Investors a Variety of Quality Options
- Lithium Grab: 2 Lithium Stocks That Could Be Takeover Targets
Receive News & Ratings for Moonpig Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moonpig Group and related companies with MarketBeat.com's FREE daily email newsletter.