Moonpig Group (LON:MOON) Shares Down 1% – Should You Sell?

Moonpig Group PLC (LON:MOON) dropped 1% on Wednesday . The stock traded as low as GBX 215.80 and last traded at GBX 217.60. Approximately 817,588 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 5,068,934 shares. The stock had previously closed at GBX 219.80.

Analyst Ratings Changes

MOON has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on shares of Moonpig Group from GBX 275 to GBX 285 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 315 price target on shares of Moonpig Group in a research report on Friday, March 20th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 300.83.

Moonpig Group Stock Performance

The firm has a market cap of £661.11 million, a P/E ratio of 15.77 and a beta of 0.97. The company has a current ratio of 0.30, a quick ratio of 0.46 and a debt-to-equity ratio of -271.84. The company’s 50-day moving average is GBX 212.38 and its two-hundred day moving average is GBX 210.58.

Moonpig Group declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 7th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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. 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.