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

Shares of Moonpig Group PLC (LON:MOON) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 300.83.

MOON has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Moonpig Group from GBX 275 to GBX 285 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Jefferies Financial Group restated a “buy” rating and set a GBX 315 price objective on shares of Moonpig Group in a research report on Friday, March 20th.

Moonpig Group Price Performance

Moonpig Group stock opened at GBX 219.03 on Friday. The company has a debt-to-equity ratio of -271.84, a quick ratio of 0.46 and a current ratio of 0.30. Moonpig Group has a 52 week low of GBX 190.20 and a 52 week high of GBX 262. The stock has a market capitalization of £665.46 million, a P/E ratio of 15.87 and a beta of 0.97. The stock has a fifty day moving average of GBX 212.66 and a 200-day moving average of GBX 210.70.

Moonpig Group announced that its board has approved a share repurchase plan on Thursday, May 7th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management 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.