Moonpig Group (LON:MOON) Hits New 1-Year High – What’s Next?

Moonpig Group PLC (LON:MOON) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 270.80 and last traded at GBX 270, with a volume of 167830 shares changing hands. The stock had previously closed at GBX 269.20.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MOON shares. Canaccord Genuity Group cut their price target on Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating on the stock in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 235 price objective on shares of Moonpig Group in a report on Friday, June 26th. Berenberg Bank reissued a “buy” rating and issued a GBX 300 target price on shares of Moonpig Group in a research report on Thursday, June 25th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 315 target price on shares of Moonpig Group in a research note on Thursday, June 25th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 299.29.

Moonpig Group Price Performance

The firm has a market cap of £802.15 million, a price-to-earnings ratio of 17.29 and a beta of 0.95. The company’s fifty day moving average is GBX 228.32 and its 200 day moving average is GBX 217.72. The company has a quick ratio of 0.46, a current ratio of 0.21 and a debt-to-equity ratio of -216.13.

Moonpig Group announced that its Board of Directors has approved a stock repurchase program on Thursday, May 7th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign 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.