Moonpig Group (LON:MOON) Shares Up 9.4% – Still a Buy?

Moonpig Group PLC (LON:MOON) 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.

Moonpig Group Stock Performance

The company’s 50-day simple moving average is GBX 210.35 and its 200 day simple moving average is GBX 185.98. The stock has a market cap of £863.97 million, a P/E ratio of 2,285.00 and a beta of 1.24. The company has a current ratio of 0.24, a quick ratio of 0.46 and a debt-to-equity ratio of 3,511.31.

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.