Moonpig Group PLC (LON:MOON) Receives GBX 300.83 Consensus Price Target from Analysts

Shares of Moonpig Group PLC (LON:MOON) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 300.83.

Several research analysts recently weighed in on MOON shares. JPMorgan Chase & Co. boosted their price target on shares of Moonpig Group from GBX 275 to GBX 285 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Jefferies Financial Group restated a “buy” rating and set a GBX 315 price target on shares of Moonpig Group in a report on Friday, March 20th.

Moonpig Group Price Performance

Moonpig Group stock opened at GBX 203.36 on Wednesday. Moonpig Group has a fifty-two week low of GBX 190.20 and a fifty-two week high of GBX 262.50. The stock has a market cap of £617.85 million, a PE ratio of 14.74 and a beta of 0.97. The firm’s 50-day simple moving average is GBX 212.21 and its 200 day simple moving average is GBX 210.30. The company has a debt-to-equity ratio of -271.84, a quick ratio of 0.46 and a current ratio of 0.30.

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