Moonpig Group (LON:MOON) Trading Down 1% – What’s Next?

Moonpig Group PLC (LON:MOON)’s share price was down 1% during mid-day trading on Wednesday . The company traded as low as GBX 215.80 and last traded at GBX 217.60. Approximately 817,588 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 5,068,934 shares. The stock had previously closed at GBX 219.80.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MOON shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 315 target price on shares of Moonpig Group in a research report on Friday, March 20th. JPMorgan Chase & Co. lifted 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. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 300.83.

Moonpig Group Stock Performance

The company has a market capitalization of £665.46 million, a price-to-earnings ratio of 15.87 and a beta of 0.97. The company has a 50 day moving average price of GBX 212.44 and a 200 day moving average price of GBX 210.65. 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 announced that its board has initiated a stock repurchase plan on Thursday, May 7th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication 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.