Analysts Set Moonpig Group PLC (LON:MOON) PT at GBX 299.29

Moonpig Group PLC (LON:MOON) has received an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 299.29.

Several research firms have weighed in on MOON. Jefferies Financial Group reiterated a “buy” rating and set a GBX 315 price target on shares of Moonpig Group in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 235 price objective on shares of Moonpig Group in a report on Friday, June 26th. Canaccord Genuity Group cut 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, June 26th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 300 target price on shares of Moonpig Group in a research report on Thursday, June 25th.

Moonpig Group Price Performance

LON MOON opened at GBX 276.30 on Monday. The firm’s fifty day simple moving average is GBX 240.85 and its two-hundred day simple moving average is GBX 222.35. The firm has a market capitalization of £821.48 million, a P/E ratio of 17.71 and a beta of 0.95. Moonpig Group has a 12-month low of GBX 190.20 and a 12-month high of GBX 286. 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 declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 7th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board 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.