Moonpig Group (LON:MOON) Hits New 1-Year High – Should You Buy?

Shares of Moonpig Group PLC (LON:MOON) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 290 and last traded at GBX 280.20, with a volume of 238210 shares traded. The stock had previously closed at GBX 281.

Wall Street Analysts Forecast Growth

MOON has been the subject of several recent research 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 report on Friday, June 26th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 315 price target on shares of Moonpig Group in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 235 price target on shares of Moonpig Group in a research report on Friday, June 26th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 300 price objective on shares of Moonpig Group in a report on Thursday, June 25th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 299.29.

Moonpig Group Trading Down 0.1%

The company has a market cap of £829.84 million, a price-to-earnings ratio of 18.00 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. The firm has a fifty day moving average price of GBX 257.88 and a 200 day moving average price of GBX 228.56.

Moonpig Group announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 7th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign 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.