Moonpig Group PLC (LON:MOON) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Moonpig Group PLC (LON:MOON) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 300.83.

A number of research analysts have commented on MOON shares. JPMorgan Chase & Co. upped their price objective on Moonpig Group from GBX 275 to GBX 285 and gave the company an “overweight” rating in a report on Thursday, March 19th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 315 price objective on shares of Moonpig Group in a report on Friday, March 20th.

Moonpig Group Stock Performance

Shares of LON MOON opened at GBX 219.03 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.46 and a debt-to-equity ratio of -271.84. Moonpig Group has a 12 month low of GBX 190.20 and a 12 month high of GBX 262. The stock has a 50 day moving average of GBX 212.66 and a 200-day moving average of GBX 210.70. The company has a market capitalization of £665.46 million, a P/E ratio of 15.87 and a beta of 0.97.

Moonpig Group declared that its Board of Directors 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 repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors 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.