Analysts Set Moonpig Group PLC (LON:MOON) Target Price at GBX 307

Shares of Moonpig Group PLC (LON:MOON) have received an average recommendation of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 307.

A number of analysts have commented on MOON shares. Canaccord Genuity Group reissued a “buy” rating and set a GBX 310 price objective on shares of Moonpig Group in a report on Wednesday, September 17th. Peel Hunt reaffirmed a “buy” rating and set a GBX 300 target price on shares of Moonpig Group in a research report on Tuesday, December 9th.

Moonpig Group Trading Down 0.2%

MOON opened at GBX 209.50 on Thursday. The company has a debt-to-equity ratio of 3,511.31, a current ratio of 0.24 and a quick ratio of 0.46. Moonpig Group has a fifty-two week low of GBX 188.40 and a fifty-two week high of GBX 262.50. The firm has a market capitalization of £657.91 million, a PE ratio of 15.18 and a beta of 1.24. The company’s 50-day moving average is GBX 205.82 and its 200 day moving average is GBX 211.14.

Moonpig Group declared that its Board of Directors has authorized a stock repurchase plan on Friday, November 7th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are 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.