Moonpig Group (LON:MOON) Stock Price Up 2.2% – Here’s Why

Moonpig Group PLC (LON:MOON) shares rose 2.2% during trading on Tuesday . The stock traded as high as GBX 222.20 and last traded at GBX 221.20. Approximately 1,330,248 shares traded hands during trading, a decline of 76% from the average daily volume of 5,549,219 shares. The stock had previously closed at GBX 216.40.

Analyst Upgrades and Downgrades

MOON has been the subject of several recent research reports. Jefferies Financial Group restated a “buy” rating and set a GBX 315 target price on shares of Moonpig Group in a report on Friday, March 20th. JPMorgan Chase & Co. upped their target price on Moonpig Group from GBX 275 to GBX 285 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Moonpig Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 305.

Moonpig Group Stock Performance

The firm has a market capitalization of £678.00 million, a price-to-earnings ratio of 16.03 and a beta of 1.08. The stock’s fifty day moving average is GBX 211.82 and its two-hundred day moving average is GBX 211.54. The company has a quick ratio of 0.46, a current ratio of 0.30 and a debt-to-equity ratio of -271.84.

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.