Moonpig Group (LON:MOON) Trading Down 0.5% – Here’s What Happened

Moonpig Group PLC (LON:MOON) was down 0.5% during mid-day trading on Monday . The company traded as low as GBX 192 ($2.48) and last traded at GBX 198.47 ($2.56). Approximately 1,108,368 shares changed hands during trading, a decline of 58% from the average daily volume of 2,640,182 shares. The stock had previously closed at GBX 199.40 ($2.58).

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MOON. Canaccord Genuity Group raised their target price on shares of Moonpig Group from GBX 254 ($3.28) to GBX 267 ($3.45) and gave the company a “buy” rating in a research note on Monday, December 16th. Shore Capital restated a “not rated” rating on shares of Moonpig Group in a report on Tuesday, December 10th. Finally, Canaccord Genuity Group increased their price objective on shares of Moonpig Group from GBX 254 ($3.28) to GBX 267 ($3.45) and gave the company a “buy” rating in a research report on Monday, December 16th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 259.80 ($3.36).

Moonpig Group Price Performance

The firm has a 50-day moving average of GBX 214.40 and a 200 day moving average of GBX 222.98. The company has a market capitalization of £675.54 million, a PE ratio of 19.95 and a beta of 1.24. The company has a debt-to-equity ratio of 3,511.31, a current ratio of 0.24 and a quick ratio of 0.46.

Moonpig Group Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 20th were issued a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.37%. The ex-dividend date of this dividend was Thursday, February 20th.

Moonpig Group Company Profile

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.