Moonpig Group (LON:MOON) Stock Price Up 1% – What’s Next?

Moonpig Group PLC (LON:MOON) traded up 1% on Monday . The company traded as high as GBX 217 and last traded at GBX 214.35. 487,200 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 2,206,563 shares. The stock had previously closed at GBX 212.32.

Analyst Upgrades and Downgrades

Separately, Peel Hunt restated a “buy” rating and issued a GBX 300 price target on shares of Moonpig Group in a report on Tuesday, December 9th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Moonpig Group has a consensus rating of “Moderate Buy” and an average price target of GBX 307.

Moonpig Group Trading Up 1.0%

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. The business’s 50-day moving average is GBX 209.09 and its two-hundred day moving average is GBX 209.72. The firm has a market cap of £667.77 million, a P/E ratio of 15.53 and a beta of 1.24.

Moonpig Group declared that its board has approved a share buyback program on Friday, November 7th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

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. 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.