Moonpig Group PLC (LON:MOON) Receives GBX 307 Consensus Target Price from Brokerages

Shares of Moonpig Group PLC (LON:MOON) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 307.

MOON has been the subject of several recent analyst reports. Peel Hunt restated a “buy” rating and set a GBX 300 target price on shares of Moonpig Group in a research report on Tuesday, December 9th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 310 target price on shares of Moonpig Group in a research report on Wednesday, September 17th.

Moonpig Group Price Performance

MOON stock opened at GBX 210 on Thursday. The firm has a 50 day moving average of GBX 205.82 and a 200-day moving average of GBX 210.83. The firm has a market capitalization of £659.48 million, a P/E ratio of 15.22 and a beta of 1.24. Moonpig Group has a 12 month low of GBX 188.60 and a 12 month high of GBX 262.50. The company has a current ratio of 0.24, a quick ratio of 0.46 and a debt-to-equity ratio of 3,511.31.

Moonpig Group announced that its board has authorized a share buyback plan on Friday, November 7th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically 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.