Moonpig Group PLC (LON:MOON) Receives GBX 307 Average Price Target from Analysts

Moonpig Group PLC (LON:MOON) has received a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 307.

A number of analysts have recently commented on MOON shares. Canaccord Genuity Group reissued a “buy” rating and set a GBX 310 target price on shares of Moonpig Group in a research note on Wednesday, September 17th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 300 price target on shares of Moonpig Group in a research note on Tuesday, December 9th.

Moonpig Group Price Performance

Shares of LON MOON opened at GBX 214.50 on Thursday. The company has a debt-to-equity ratio of 3,511.31, a quick ratio of 0.46 and a current ratio of 0.24. The firm has a fifty day moving average of GBX 205.90 and a 200 day moving average of GBX 210.75. The firm has a market cap of £673.62 million, a PE ratio of 15.54 and a beta of 1.24. Moonpig Group has a one year low of GBX 188.60 and a one year high of GBX 262.50.

Moonpig Group declared that its Board of Directors has approved a share repurchase plan on Friday, November 7th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors 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.