Moonpig Group PLC (LON:MOON) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Moonpig Group PLC (LON:MOON) have earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 299.29.

MOON has been the subject of a number of analyst reports. Canaccord Genuity Group reduced their target price on shares of Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating for the company in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 235 price target on shares of Moonpig Group in a research note on Friday, June 26th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 price objective on shares of Moonpig Group in a research note on Thursday, June 25th. JPMorgan Chase & Co. lifted their price objective on shares of Moonpig Group from GBX 275 to GBX 285 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 315 price objective on shares of Moonpig Group in a report on Thursday, June 25th.

Moonpig Group Trading Down 0.7%

LON:MOON opened at GBX 248.20 on Thursday. The stock’s 50 day moving average price is GBX 216.87 and its 200 day moving average price is GBX 212.86. Moonpig Group has a 52 week low of GBX 190.20 and a 52 week high of GBX 253. The company has a market capitalization of £744.32 million, a P/E ratio of 17.99 and a beta of 0.97. The company has a debt-to-equity ratio of -216.13, a quick ratio of 0.46 and a current ratio of 0.21.

Moonpig Group declared that its board has authorized a stock buyback plan on Thursday, May 7th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors 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.