Moonpig Group (LON:MOON) Sets New 1-Year High – Should You Buy?

Moonpig Group PLC (LON:MOON)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 290 and last traded at GBX 280.20, with a volume of 238210 shares changing hands. The stock had previously closed at GBX 281.

Analyst Ratings Changes

MOON has been the topic of a number of research analyst reports. Canaccord Genuity Group decreased their price target on Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating on the stock in a research report on Friday, June 26th. 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, June 25th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 235 price objective on shares of Moonpig Group in a research note on Friday, June 26th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 300 target price on shares of Moonpig Group in a report on Thursday, June 25th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Moonpig Group has an average rating of “Moderate Buy” and an average target price of GBX 299.29.

Moonpig Group Price Performance

The stock’s 50-day moving average price is GBX 260.24 and its 200-day moving average price is GBX 229.42. The company has a market capitalization of £842.85 million, a price-to-earnings ratio of 18.28 and a beta of 0.97. The company has a quick ratio of 0.46, a current ratio of 0.21 and a debt-to-equity ratio of -216.13.

Moonpig Group declared that its board has authorized a stock repurchase program on Thursday, May 7th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors 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.