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

Moonpig Group PLC (LON:MOON) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 299.29.

Several research firms have commented on MOON. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 235 target price on shares of Moonpig Group in a report on Friday, June 26th. Jefferies Financial Group restated a “buy” rating and set a GBX 315 price objective on shares of Moonpig Group in a research report on Thursday, June 25th. JPMorgan Chase & Co. upped their target price on Moonpig Group from GBX 275 to GBX 285 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 target price on shares of Moonpig Group in a report on Thursday, June 25th. Finally, Canaccord Genuity Group lowered 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, June 26th.

Moonpig Group Stock Up 2.4%

Shares of LON MOON opened at GBX 267.80 on Thursday. The stock has a market capitalization of £803.10 million, a P/E ratio of 17.17 and a beta of 0.95. The stock’s fifty day moving average is GBX 219.48 and its 200 day moving average is GBX 214.11. Moonpig Group has a 52 week low of GBX 190.20 and a 52 week high of GBX 269.40. The company has a debt-to-equity ratio of -216.13, a quick ratio of 0.46 and a current ratio of 0.21.

Moonpig Group declared that its board has initiated a share buyback plan on Thursday, May 7th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Moonpig Group Company Profile

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.