Jefferies Financial Group Reaffirms Buy Rating for Moonpig Group (LON:MOON)

Moonpig Group (LON:MOON)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research report issued on Friday, MarketBeat Ratings reports. They currently have a GBX 315 price objective on the stock. Jefferies Financial Group’s price target points to a potential upside of 48.24% from the company’s previous close.

A number of other equities research analysts also recently issued reports on MOON. JPMorgan Chase & Co. boosted their price target on Moonpig Group from GBX 275 to GBX 285 and gave the company an “overweight” rating in a research report on Thursday. Peel Hunt restated a “buy” rating and issued a GBX 300 price objective on shares of Moonpig Group in a report on Tuesday, December 9th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 305.

Moonpig Group Stock Down 1.6%

Shares of MOON opened at GBX 212.50 on Friday. Moonpig Group has a fifty-two week low of GBX 190.20 and a fifty-two week high of GBX 262.50. The company’s fifty day moving average is GBX 212.89 and its two-hundred day moving average is GBX 210.76. The firm has a market cap of £658.23 million, a PE ratio of 15.40 and a beta of 1.08. The company has a quick ratio of 0.46, a current ratio of 0.30 and a debt-to-equity ratio of -271.84.

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.