Moonpig Group (LON:MOON) Hits New 12-Month High – Still a Buy?

Moonpig Group PLC (LON:MOON)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 276.20 and last traded at GBX 274.20, with a volume of 1044204 shares changing hands. The stock had previously closed at GBX 268.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MOON shares. Berenberg Bank restated a “buy” rating and set a GBX 300 price target on shares of Moonpig Group in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 235 price objective on shares of Moonpig Group in a report on Friday, June 26th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 315 price objective on shares of Moonpig Group in a research note on Thursday, June 25th. Finally, Canaccord Genuity Group dropped their target price on Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating on the stock in a report on Friday, June 26th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 299.29.

Moonpig Group Price Performance

The company has a 50 day moving average of GBX 239.58 and a two-hundred day moving average of GBX 221.88. The firm has a market cap of £825.34 million, a P/E ratio of 17.79 and a beta of 0.95. 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 announced that its Board of Directors has authorized a share buyback plan on Thursday, May 7th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management 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.