Moonpig Group (LON:MOON) Hits New 1-Year High – Time to Buy?

Moonpig Group PLC (LON:MOON) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 250.60 and last traded at GBX 245.20, with a volume of 1789344 shares traded. The stock had previously closed at GBX 217.15.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MOON shares. JPMorgan Chase & Co. increased their price objective on 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 reiterated a “buy” rating and set a GBX 315 target price on shares of Moonpig Group in a research note on Monday, June 8th. Five research 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, Moonpig Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 300.83.

Moonpig Group Trading Up 13.3%

The company has a quick ratio of 0.46, a current ratio of 0.30 and a debt-to-equity ratio of -271.84. The firm has a market capitalization of £737.72 million, a price-to-earnings ratio of 17.83 and a beta of 0.97. The business has a 50-day moving average of GBX 214.71 and a two-hundred day moving average of GBX 211.83.

Moonpig Group announced that its Board of Directors has authorized a stock buyback program on Thursday, May 7th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management 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.