Moonpig Group (LON:MOON) Reaches New 12-Month High – What’s Next?

Shares of Moonpig Group PLC (LON:MOON) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 250.60 and last traded at GBX 245.20, with a volume of 1789344 shares changing hands. The stock had previously closed at GBX 217.15.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MOON. JPMorgan Chase & Co. lifted their target price on shares of Moonpig Group from GBX 275 to GBX 285 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 315 price target on shares of Moonpig Group in a research report on Monday, June 8th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Moonpig Group currently has an average rating of “Moderate Buy” and an average price target of GBX 300.83.

Moonpig Group Trading Up 13.3%

The company has a 50 day moving average of GBX 214.71 and a 200 day moving average of GBX 211.83. The firm has a market cap of £737.72 million, a price-to-earnings ratio of 17.83 and a beta of 0.97. The company has a current ratio of 0.30, a quick ratio of 0.46 and a debt-to-equity ratio of -271.84.

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