Moonpig Group PLC (LON:MOON) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Moonpig Group PLC (LON:MOON) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 300.83.

A number of equities analysts recently issued reports on MOON shares. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 315 target price on shares of Moonpig Group in a research report on Friday, March 20th. JPMorgan Chase & Co. raised their price target on shares of Moonpig Group from GBX 275 to GBX 285 and gave the stock an “overweight” rating in a research report on Thursday, March 19th.

Moonpig Group Stock Performance

Shares of LON MOON opened at GBX 205.20 on Wednesday. Moonpig Group has a 12 month low of GBX 190.20 and a 12 month high of GBX 262.50. The company has a market cap of £623.43 million, a P/E ratio of 14.87 and a beta of 0.97. The business’s 50 day moving average is GBX 212.73 and its two-hundred day moving average is GBX 210.62. The company has a quick ratio of 0.46, a current ratio of 0.30 and a debt-to-equity ratio of -271.84.

Moonpig Group announced that its board has authorized a stock buyback plan on Thursday, May 7th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are 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.