Moonpig Group PLC (LON:MOON) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Moonpig Group PLC (LON:MOON) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 299.29.

A number of equities research analysts recently weighed in on MOON shares. Berenberg Bank reiterated a “buy” rating and set a GBX 300 price objective on shares of Moonpig Group in a report on Thursday, June 25th. Jefferies Financial Group restated a “buy” rating and issued a GBX 315 target price on shares of Moonpig Group in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 235 target price on shares of Moonpig Group in a research report on Friday, June 26th. Finally, Canaccord Genuity Group decreased their price target on shares of Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating for the company in a research note on Friday, June 26th.

Moonpig Group Trading Up 0.3%

LON MOON opened at GBX 290 on Friday. The company’s 50-day moving average price is GBX 265.49 and its 200-day moving average price is GBX 231.58. The company has a current ratio of 0.21, a quick ratio of 0.46 and a debt-to-equity ratio of -216.13. The stock has a market cap of £857.03 million, a PE ratio of 18.59 and a beta of 0.97. Moonpig Group has a 12 month low of GBX 190.20 and a 12 month high of GBX 291.20.

Moonpig Group declared that its board has approved a stock repurchase program on Thursday, May 7th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership 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.