Berenberg Bank Reaffirms “Buy” Rating for Moonpig Group (LON:MOON)

Moonpig Group (LON:MOON)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research note issued on Thursday,Digital Look reports. They presently have a GBX 300 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 24.28% from the company’s previous close.

MOON has been the subject of several other reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 315 target price on shares of Moonpig Group in a research report on Monday, June 8th. JPMorgan Chase & Co. boosted their price target on Moonpig Group from GBX 275 to GBX 285 and gave the stock an “overweight” rating in a report on Thursday, March 19th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 300.71.

Moonpig Group Trading Up 11.2%

LON MOON opened at GBX 241.40 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.30 and a debt-to-equity ratio of -271.84. Moonpig Group has a twelve month low of GBX 190.20 and a twelve month high of GBX 250.60. The company has a market cap of £723.93 million, a price-to-earnings ratio of 17.49 and a beta of 0.97. The business’s fifty day moving average is GBX 214.71 and its 200 day moving average is GBX 211.83.

Moonpig Group declared that its Board of Directors has approved a share repurchase program on Thursday, May 7th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually 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.