Moonpig Group (LON:MOON) Sets New 12-Month High – Here’s What Happened

Shares of Moonpig Group PLC (LON:MOON) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 269.40 and last traded at GBX 265.40, with a volume of 1563235 shares traded. The stock had previously closed at GBX 261.60.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 315 target price on shares of Moonpig Group in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 235 price objective on shares of Moonpig Group in a research report on Friday, June 26th. JPMorgan Chase & Co. lifted their target price on Moonpig Group from GBX 275 to GBX 285 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Berenberg Bank reiterated a “buy” rating and issued a GBX 300 target price on shares of Moonpig Group in a research report on Thursday, June 25th. Finally, Canaccord Genuity Group dropped their price target on Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating for the company in a research note on Friday, June 26th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Moonpig Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 299.29.

Moonpig Group Stock Performance

The business’s fifty day moving average price is GBX 222.59 and its two-hundred day moving average price is GBX 215.33. The company has a debt-to-equity ratio of -216.13, a quick ratio of 0.46 and a current ratio of 0.21. The stock has a market capitalization of £769.45 million, a P/E ratio of 16.59 and a beta of 0.95.

Moonpig Group declared that its Board of Directors has approved a share buyback plan on Thursday, May 7th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management 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.