Moonpig Group’s (MOON) “Buy” Rating Reaffirmed at Berenberg Bank

Moonpig Group (LON:MOON)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 300 price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 22.25% from the company’s previous close.

Other analysts have also issued research reports about the company. Canaccord Genuity Group decreased their price objective on Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating on the stock in a research note on Friday, June 26th. Jefferies Financial Group restated a “buy” rating and issued a GBX 315 target price on shares of Moonpig Group in a report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 235 price target on shares of Moonpig Group in a research note on Friday, June 26th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Moonpig Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 289.17.

Moonpig Group Stock Performance

Moonpig Group stock opened at GBX 245.40 on Wednesday. Moonpig Group has a fifty-two week low of GBX 193.40 and a fifty-two week high of GBX 293. The company has a market capitalization of £718.49 million, a price-to-earnings ratio of 15.73 and a beta of 0.97. The stock has a fifty day moving average of GBX 273.87 and a two-hundred day moving average of GBX 237.14. 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 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.