Moonpig Group PLC (LON:MOON) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Moonpig Group PLC (LON:MOON) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 299.29.

MOON has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated 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 target price on shares of Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating for the company in a research note on Friday, June 26th. Berenberg Bank restated a “buy” rating and set a GBX 300 target price on shares of Moonpig Group in a research report on Thursday, June 25th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 315 target price on shares of Moonpig Group in a research note on Thursday, June 25th.

Moonpig Group Trading Up 0.5%

Shares of LON MOON opened at GBX 281 on Friday. Moonpig Group has a 1 year low of GBX 190.20 and a 1 year high of GBX 290. The company has a debt-to-equity ratio of -216.13, a current ratio of 0.21 and a quick ratio of 0.46. The firm has a 50-day moving average of GBX 259.04 and a 200 day moving average of GBX 229.02. The stock has a market cap of £830.43 million, a P/E ratio of 18.01 and a beta of 0.97.

Moonpig Group declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 7th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically 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.