Berenberg Bank Lowers Moonpig Group (LON:MOON) 2023

Berenberg Bank analysts reduced their price target for Moonpig Group (LON: MOON – Get Rating) from GBX 300 ($3.75) to GBX 270 ($3.37) in a research note issued to investors on Wednesday, LSE.Co.UK reports.

The stock is presently rated “buy” by the firm. The target price provided by Berenberg Bank would indicate a potential upside of 102.85% from the company’s prior closing price.

In a report published on Wednesday, March 8th, Liberum Capital reaffirmed its “buy” rating and set a GBX 145 ($1.81) price target on shares of Moonpig Group.

Shares of Moonpig Group Fall 1.4%

Wednesday’s opening price for shares of MOON was GBX 133.10 ($1.66). The company has a market capitalization of £455.35 million, a PE ratio of 1,901.43, and a beta value of 1.39. The firm’s fifty-day moving average is GBX 119.51, while its two-hundred-day moving average is GBX 127.34.

The 52-week low for Moonpig Group is GBX 102 ($1.27), while the 52-week high is GBX 283.40 ($3.54). Quick ratio is 0.46, the current ratio is 0.62, and the debt-to-equity ratio is 96.66 for this company.

Insider Purchases and Sales

In related news on Monday, March 6th, insider David W. Keens acquired 110,100 shares of the company’s stock. The stock was purchased at an average price of GBX 122 ($1.52) per share, totaling £134,322 ($167,818.59). 9.25% of the company’s shares are currently held by insiders.

Regarding Moonpig Group (Get Score)

Together with its subsidiaries, Moonpig Group PLC offers online greeting cards and presents in the Netherlands and the United Kingdom. It distributes its products via website and mobile app under the Moonpig and Greetz brands. The corporation was established in the year 2000 and has its headquarters in London, United Kingdom.

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