Moonpig Group’s (MOON) Buy Rating Reiterated at Jefferies Financial Group

Moonpig Group (LON:MOON)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 315 price objective on the stock. Jefferies Financial Group’s target price suggests a potential upside of 32.80% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on MOON. JPMorgan Chase & Co. raised 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. Berenberg Bank reissued a “buy” rating and issued a GBX 300 price objective on shares of Moonpig Group in a research report on Thursday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 300.71.

Moonpig Group Trading Up 9.2%

Moonpig Group stock opened at GBX 237.20 on Thursday. The stock has a 50-day moving average price of GBX 214.71 and a 200 day moving average price of GBX 211.83. Moonpig Group has a 52 week low of GBX 190.20 and a 52 week high of GBX 250.60. The stock has a market cap of £711.33 million, a PE ratio of 17.19 and a beta of 0.97. 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 initiated a stock repurchase program on Thursday, May 7th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are 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.