Moonpig Group PLC (LON:MOON) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Moonpig Group PLC (LON:MOON) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 300.83.

MOON has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on 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 reaffirmed a “buy” rating and set a GBX 315 price objective on shares of Moonpig Group in a report on Monday, June 8th.

Moonpig Group Stock Up 1.5%

Shares of MOON opened at GBX 225.07 on Friday. The stock has a market capitalization of £674.95 million, a price-to-earnings ratio of 16.31 and a beta of 0.97. Moonpig Group has a 1 year low of GBX 190.20 and a 1 year high of GBX 262. The business’s 50 day simple moving average is GBX 213.80 and its 200-day simple moving average is GBX 211.27. The company has a debt-to-equity ratio of -271.84, a current ratio of 0.30 and a quick ratio of 0.46.

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 reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is 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.