Moonpig Group (LON:MOON) Hits New 12-Month High – Time to Buy?

Shares of Moonpig Group PLC (LON:MOON) hit a new 52-week high on Wednesday . The stock traded as high as GBX 269.40 and last traded at GBX 265.40, with a volume of 1563235 shares traded. The stock had previously closed at GBX 261.60.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MOON shares. JPMorgan Chase & Co. upped their price target on shares of Moonpig Group from GBX 275 to GBX 285 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Canaccord Genuity Group decreased their price objective 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. Berenberg Bank restated a “buy” rating and set a GBX 300 price target on shares of Moonpig Group in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 235 price objective on shares of Moonpig Group in a report on Friday, June 26th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 315 price objective on shares of Moonpig Group in a research report on Thursday, June 25th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 299.29.

Moonpig Group Trading Down 2.9%

The stock has a market capitalization of £765.88 million, a PE ratio of 16.51 and a beta of 0.95. The company’s 50 day moving average price is GBX 220.63 and its two-hundred day moving average price is GBX 214.58. The company has a debt-to-equity ratio of -216.13, a current ratio of 0.21 and a quick ratio of 0.46.

Moonpig Group announced that its board has authorized a stock repurchase plan on Thursday, May 7th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans 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.