Moonpig Group (LON:MOON) Trading 12.3% Higher

Moonpig Group PLC (LON:MOON) shares rose 12.3% during trading on Thursday . The stock traded as high as GBX 179 ($2.27) and last traded at GBX 178.40 ($2.26). Approximately 8,632,465 shares were traded during mid-day trading, an increase of 929% from the average daily volume of 838,979 shares. The stock had previously closed at GBX 158.80 ($2.01).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their price target on shares of Moonpig Group from GBX 265 ($3.36) to GBX 280 ($3.55) and gave the company a “buy” rating in a report on Friday.

Moonpig Group Trading Up 4.2 %

The company has a debt-to-equity ratio of 96.66, a quick ratio of 0.46 and a current ratio of 0.39. The company’s 50 day moving average is GBX 158.51 and its 200 day moving average is GBX 161.77. The stock has a market capitalization of £654.94 million, a price-to-earnings ratio of 1,906.00 and a beta of 1.27.

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.