Moonpig Group (LON:MOON) Stock Price Down 0.2% – Here’s What Happened

Moonpig Group PLC (LON:MOON)’s stock price fell 0.2% during mid-day trading on Monday . The company traded as low as GBX 218 ($2.71) and last traded at GBX 226 ($2.81). 2,865,433 shares changed hands during trading, an increase of 10% from the average session volume of 2,608,802 shares. The stock had previously closed at GBX 226.50 ($2.82).

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MOON. Shore Capital reiterated a “not rated” rating on shares of Moonpig Group in a research note on Tuesday, December 10th. Canaccord Genuity Group upped their target price on shares of Moonpig Group from GBX 254 ($3.16) to GBX 267 ($3.32) and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Canaccord Genuity Group upped their target price on shares of Moonpig Group from GBX 254 ($3.16) to GBX 267 ($3.32) and gave the stock a “buy” rating in a research note on Monday, December 16th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 259.80 ($3.23).

Moonpig Group Trading Down 0.2 %

The company has a quick ratio of 0.46, a current ratio of 0.24 and a debt-to-equity ratio of 3,511.31. The company has a fifty day moving average of GBX 224.41 and a two-hundred day moving average of GBX 222.19. The stock has a market capitalization of £779.47 million, a price-to-earnings ratio of 2,260.00 and a beta of 1.24.

Moonpig Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 20th will be given a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, February 20th. This represents a dividend yield of 0.37%.

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.