Jefferies Financial Group Reiterates Buy Rating for Moonpig Group (LON:MOON)

Moonpig Group (LON:MOON)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Financial Group in a report issued on Monday,Digital Look reports. They currently have a GBX 315 target price on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 45.29% from the company’s previous close.

Separately, JPMorgan Chase & Co. boosted 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. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Moonpig Group presently has an average rating of “Moderate Buy” and an average target price of GBX 300.83.

Moonpig Group Stock Performance

LON:MOON opened at GBX 216.82 on Monday. The firm has a market cap of £650.20 million, a price-to-earnings ratio of 15.71 and a beta of 0.97. Moonpig Group has a 1-year low of GBX 190.20 and a 1-year high of GBX 262. The firm’s fifty day moving average price is GBX 212.66 and its 200 day moving average price is GBX 210.74. The company has a debt-to-equity ratio of -271.84, a current ratio of 0.30 and a quick ratio of 0.46.

Moonpig Group declared that its board has initiated a stock repurchase program on Thursday, May 7th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.