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

Moonpig Group PLC (LON:MOON) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 307.

Several research firms have commented on MOON. UBS Group reaffirmed a “buy” rating and set a GBX 360 price target on shares of Moonpig Group in a research report on Friday, September 5th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 300 target price on shares of Moonpig Group in a report on Tuesday, December 9th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 310 price target on shares of Moonpig Group in a research report on Wednesday, September 17th.

Moonpig Group Stock Up 0.7%

MOON opened at GBX 204 on Friday. Moonpig Group has a one year low of GBX 188.40 and a one year high of GBX 262.50. 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. The stock has a market capitalization of £644.31 million, a P/E ratio of -63.75 and a beta of 1.24. The business’s 50-day simple moving average is GBX 209.72 and its 200-day simple moving average is GBX 215.74.

Moonpig Group declared that its board has approved a share repurchase plan 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. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Moonpig Group Company Profile

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.