Moonpig Group PLC (LON:MOON) Given Average Recommendation of “Moderate Buy” by Brokerages

Moonpig Group PLC (LON:MOON) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 300.33.

A number of research analysts have commented on MOON shares. Canaccord Genuity Group restated a “buy” rating and issued a GBX 310 target price on shares of Moonpig Group in a research note on Wednesday, September 17th. Peel Hunt restated a “buy” rating and set a GBX 300 price target on shares of Moonpig Group in a research note on Thursday, September 18th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 360 price objective on shares of Moonpig Group in a report on Friday, September 5th.

Moonpig Group Trading Down 0.5%

LON MOON opened at GBX 204 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.46 and a debt-to-equity ratio of 3,511.31. Moonpig Group has a 1-year low of GBX 188.40 and a 1-year high of GBX 277.50. The firm’s fifty day simple moving average is GBX 214.15 and its 200-day simple moving average is GBX 222.10. The company has a market capitalization of £651.97 million, a PE ratio of -63.75 and a beta of 1.24.

Moonpig Group declared that its Board of Directors has approved a stock buyback program on Friday, November 7th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership 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.