Brokerages Set Moonpig Group PLC (LON:MOON) Price Target at GBX 307

Shares of Moonpig Group PLC (LON:MOON) have received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 307.

Separately, Peel Hunt restated 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

Moonpig Group stock opened at GBX 220.47 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.46 and a debt-to-equity ratio of 3,511.31. The company has a fifty day simple moving average of GBX 210.48 and a 200-day simple moving average of GBX 209.91. The stock has a market cap of £686.81 million, a P/E ratio of 15.98 and a beta of 1.24. Moonpig Group has a 12-month low of GBX 188.60 and a 12-month high of GBX 262.50.

Moonpig Group declared that its board has approved a share repurchase plan on Friday, November 7th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is 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.