Moonpig Group PLC (LON:MOON) Receives GBX 299.29 Consensus Target Price from Analysts

Moonpig Group PLC (LON:MOON) has earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 299.29.

MOON has been the topic of a number of recent analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 300 price objective on shares of Moonpig Group in a report on Thursday, June 25th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 315 target price on shares of Moonpig Group in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 235 price target on shares of Moonpig Group in a report on Friday, June 26th. Canaccord Genuity Group dropped their price objective on shares of Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating on the stock in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. lifted their price target on Moonpig Group from GBX 275 to GBX 285 and gave the company an “overweight” rating in a research note on Thursday, March 19th.

Moonpig Group Trading Down 1.1%

Shares of LON:MOON opened at GBX 253.20 on Thursday. Moonpig Group has a 52 week low of GBX 190.20 and a 52 week high of GBX 270. The company’s 50 day moving average is GBX 221.59 and its two-hundred day moving average is GBX 214.95. The company has a market cap of £752.80 million, a PE ratio of 16.23 and a beta of 0.95. The company has a current ratio of 0.21, a quick ratio of 0.46 and a debt-to-equity ratio of -216.13.

Moonpig Group announced that its board has authorized a share repurchase program on Thursday, May 7th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors 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.