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

Moonpig Group PLC (LON:MOON) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 300.83.

A number of equities research analysts have weighed in on MOON shares. JPMorgan Chase & Co. lifted their price target on shares of Moonpig Group from GBX 275 to GBX 285 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 315 price objective on shares of Moonpig Group in a report on Friday, March 20th.

Moonpig Group Stock Performance

Shares of LON MOON opened at GBX 205.20 on Wednesday. The firm has a market capitalization of £623.43 million, a price-to-earnings ratio of 14.87 and a beta of 0.97. Moonpig Group has a one year low of GBX 190.20 and a one year high of GBX 262.50. The business has a fifty day simple moving average of GBX 212.73 and a 200 day simple moving average of GBX 210.62. The company has a current ratio of 0.30, a quick ratio of 0.46 and a debt-to-equity ratio of -271.84.

Moonpig Group announced that its board has authorized a share buyback plan on Thursday, May 7th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership 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.