Moonpig Group PLC (LON:MOON) Receives Average Rating of “Moderate Buy” from Analysts

Moonpig Group PLC (LON:MOON) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 307.

Separately, Peel Hunt restated a “buy” rating and set a GBX 300 price target on shares of Moonpig Group in a research report on Tuesday, December 9th.

Moonpig Group Stock Performance

LON:MOON opened at GBX 212 on Monday. Moonpig Group has a 1 year low of GBX 188.60 and a 1 year high of GBX 262.50. The business has a fifty day moving average of GBX 209.01 and a 200-day moving average of GBX 210.06. The company has a debt-to-equity ratio of 3,511.31, a quick ratio of 0.46 and a current ratio of 0.24. The stock has a market cap of £660.44 million, a price-to-earnings ratio of 15.36 and a beta of 1.24.

Moonpig Group declared that its board has approved a share buyback plan on Friday, November 7th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are 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.