Moonpig Group (LON:MOON) Earns “Buy” Rating from Berenberg Bank

Moonpig Group (LON:MOON)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 300 price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 22.25% from the stock’s current price.

Several other research firms have also commented on MOON. Jefferies Financial Group reissued a “buy” rating and set a GBX 315 price target on shares of Moonpig Group in a research report on Thursday, June 25th. Canaccord Genuity Group decreased their target price 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 235 price target on shares of Moonpig Group in a research note on Friday, June 26th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 289.17.

Moonpig Group Trading Down 5.9%

Shares of MOON opened at GBX 245.40 on Wednesday. The stock’s 50-day moving average is GBX 273.87 and its two-hundred day moving average is GBX 237.14. The stock has a market cap of £718.49 million, a PE ratio of 15.73 and a beta of 0.97. Moonpig Group has a 12 month low of GBX 193.40 and a 12 month high of GBX 293. The company has a debt-to-equity ratio of -216.13, a current ratio of 0.21 and a quick ratio of 0.46.

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.