Moonpig Group (LON:MOON) Stock Price Up 1% – Time to Buy?

Moonpig Group PLC (LON:MOON)’s stock price traded up 1% on Monday . The company traded as high as GBX 217 and last traded at GBX 214.35. 487,200 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 2,206,563 shares. The stock had previously closed at GBX 212.32.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 300 price target on shares of Moonpig Group in a research note on Tuesday, December 9th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 307.

Moonpig Group Price Performance

The company has a market capitalization of £667.77 million, a price-to-earnings ratio of 15.53 and a beta of 1.24. The company has a 50-day moving average price of GBX 209.09 and a 200-day moving average price of GBX 209.72. 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.

Moonpig Group declared that its Board of Directors has authorized a share repurchase program on Friday, November 7th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually 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. 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.