Moonpig Group PLC (LON:MOON) Stock Has Average Price Target of GBX 289.17

Moonpig Group PLC (LON:MOON) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 289.17.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 300 price target on shares of Moonpig Group in a research report on Wednesday, September 16th.

Insider Buying and Selling

In other Moonpig Group news, insider Andy MacKinnon sold 173,645 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of GBX 272, for a total value of £472,314.40. 2.76% of the stock is currently owned by company insiders.

Moonpig Group Stock Down 0.9%

MOON stock opened at GBX 284.40 on Wednesday. The company has a current ratio of 0.21, a quick ratio of 0.46 and a debt-to-equity ratio of -216.13. Moonpig Group has a twelve month low of GBX 193.40 and a twelve month high of GBX 301.40. The company’s 50 day moving average is GBX 276.75 and its two-hundred day moving average is GBX 240.96. The stock has a market cap of £839.30 million, a P/E ratio of 18.23 and a beta of 0.93.

Moonpig Group declared that its board has approved a stock repurchase program on Tuesday, November 3rd that permits the company to buy back £32.50 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.9% of its shares through open market purchases. Share buyback programs are typically 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.