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

Shares of Moonpig Group PLC (LON:MOON) have received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. One 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 ratings on the stock in the last year is GBX 299.29.

MOON has been the subject of a number of research reports. Berenberg Bank reiterated a “buy” rating and set a GBX 300 target price on shares of Moonpig Group in a research note on Thursday, June 25th. Jefferies Financial Group restated a “buy” rating and issued a GBX 315 price target on shares of Moonpig Group in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 235 price target on shares of Moonpig Group in a research note on Friday, June 26th. Finally, 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 report on Friday, June 26th.

Moonpig Group Trading Up 1.0%

Shares of MOON stock opened at GBX 263.60 on Monday. Moonpig Group has a 12-month low of GBX 190.20 and a 12-month high of GBX 274. The company has a current ratio of 0.21, a quick ratio of 0.46 and a debt-to-equity ratio of -216.13. The firm’s 50 day moving average is GBX 234.14 and its 200 day moving average is GBX 220.01. The stock has a market capitalization of £783.72 million, a P/E ratio of 16.90 and a beta of 0.95.

Moonpig Group declared that its board 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. Shares repurchase plans are typically an indication that the company’s board believes its shares are 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.