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

Shares of Moonpig Group PLC (LON:MOON) have received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 299.29.

Several research firms recently commented on MOON. 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 report on Thursday, March 19th. Berenberg Bank reiterated a “buy” rating and issued a GBX 300 price objective on shares of Moonpig Group in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 235 target price on shares of Moonpig Group in a research report on Friday, June 26th. Canaccord Genuity Group decreased their target price on shares of Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating for the company in a research note on Friday, June 26th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 315 price target on shares of Moonpig Group in a report on Thursday, June 25th.

Moonpig Group Price Performance

Shares of MOON opened at GBX 248.20 on Thursday. The company has a market capitalization of £744.32 million, a price-to-earnings ratio of 17.99 and a beta of 0.97. Moonpig Group has a fifty-two week low of GBX 190.20 and a fifty-two week high of GBX 253. The company has a debt-to-equity ratio of -216.13, a current ratio of 0.21 and a quick ratio of 0.46. The business’s 50-day moving average is GBX 216.87 and its 200-day moving average is GBX 212.86.

Moonpig Group announced that its Board of Directors has initiated a stock buyback program on Thursday, May 7th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication 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.