Moonpig Group (LON:MOON) Receives “Hold” Rating from Deutsche Bank Aktiengesellschaft

Moonpig Group (LON:MOON)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank Aktiengesellschaft in a report issued on Friday,Digital Look reports. They presently have a GBX 235 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 3.80% from the company’s current price.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their target price 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. Canaccord Genuity Group cut their price target on Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating for the company in a report on Friday. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 315 price target on shares of Moonpig Group in a research report on Thursday. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 300 price objective on shares of Moonpig Group in a research note on Thursday. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Moonpig Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 299.29.

Moonpig Group Stock Performance

MOON traded down GBX 3.20 during trading hours on Friday, hitting GBX 226.40. The stock had a trading volume of 2,558,610 shares, compared to its average volume of 5,419,644. Moonpig Group has a 1 year low of GBX 190.20 and a 1 year high of GBX 250.60. The company’s fifty day simple moving average is GBX 214.96 and its 200 day simple moving average is GBX 211.94. The stock has a market cap of £678.94 million, a PE ratio of 16.41 and a beta of 0.97. 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 declared that its board has approved a share buyback plan on Thursday, May 7th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Key Moonpig Group News

Here are the key news stories impacting Moonpig Group this week:

• Positive Sentiment: Moonpig reported higher profit, revenue, and orders for the full year, with management also boosting the dividend and outlining a new share buyback plan. Moonpig lifts dividend as FY profits, revenue rise
• Positive Sentiment: Investors are also reacting to comments that the results make Moonpig’s shares look “crazy cheap,” reinforcing the view that the stock may still be undervalued after the rally. Moonpig results show its shares are ‘crazy cheap’, say brokers
• Positive Sentiment: Broker upgrades and reiterated “buy” ratings from firms including Jefferies and Berenberg, with price targets up to GBX 315, add more support for the stock. Moonpig boosts dividend and plans new buyback as profit beats forecast

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.