Moonpig Group’s (MOON) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Moonpig Group (LON:MOON)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Friday,Digital Look reports. They currently have a GBX 235 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 3.80% from the company’s current price.

A number of other research firms have also weighed in on MOON. JPMorgan Chase & Co. boosted their target price on Moonpig Group from GBX 275 to GBX 285 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 price target on shares of Moonpig Group in a research note on Thursday. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 315 price objective on shares of Moonpig Group in a research report on Thursday. Finally, Canaccord Genuity Group dropped their price objective on Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating for the company in a research note on Friday. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Moonpig Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 299.29.

Moonpig Group Price Performance

LON MOON traded down GBX 3.20 on Friday, reaching GBX 226.40. 2,558,610 shares of the company’s stock traded hands, compared to its average volume of 5,419,644. The stock has a market cap of £678.94 million, a PE ratio of 16.41 and a beta of 0.97. Moonpig Group has a 12 month low of GBX 190.20 and a 12 month high of GBX 250.60. The stock has a 50-day simple moving average of GBX 214.96 and a 200 day simple moving average of GBX 211.94. 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 announced that its board has approved a stock buyback program on Thursday, May 7th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Moonpig Group News Roundup

Here are the key news stories impacting Moonpig Group this week:

• Positive Sentiment: Moonpig reported higher profit, revenue, and orders for the full year, with management also boosting the dividend and outlining a new share buyback plan. Moonpig lifts dividend as FY profits, revenue rise
• Positive Sentiment: Investors are also reacting to comments that the results make Moonpig’s shares look “crazy cheap,” reinforcing the view that the stock may still be undervalued after the rally. Moonpig results show its shares are ‘crazy cheap’, say brokers
• Positive Sentiment: Broker upgrades and reiterated “buy” ratings from firms including Jefferies and Berenberg, with price targets up to GBX 315, add more support for the stock. Moonpig boosts dividend and plans new buyback as profit beats forecast

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.