Moonpig Group (LON:MOON) Sets New 52-Week High – Here’s Why

Moonpig Group PLC (LON:MOON) shares hit a new 52-week high on Monday . The company traded as high as GBX 290 and last traded at GBX 287.20, with a volume of 397872 shares. The stock had previously closed at GBX 285.40.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MOON. Jefferies Financial Group reiterated a “buy” rating and set a GBX 315 target price on shares of Moonpig Group in a report on Thursday, June 25th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 300 price objective on shares of Moonpig Group in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 235 price objective on shares of Moonpig Group in a research note on Friday, June 26th. Finally, Canaccord Genuity Group dropped their target price on Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating on the stock in a report on Friday, June 26th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Moonpig Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 299.29.

Moonpig Group Trading Down 0.4%

The stock’s fifty day moving average price is GBX 250.08 and its 200 day moving average price is GBX 225.78. The company has a quick ratio of 0.46, a current ratio of 0.21 and a debt-to-equity ratio of -216.13. The stock has a market cap of £836.94 million, a PE ratio of 18.15 and a beta of 0.97.

Moonpig Group declared that its board has initiated a stock repurchase plan on Thursday, May 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. Shares repurchase plans are generally a sign that the company’s management 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.