Moonpig Group’s (MOON) “Buy” Rating Reiterated at Berenberg Bank

Moonpig Group (LON:MOON)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a report released on Thursday,Digital Look reports. They presently have a GBX 300 price objective on the stock. Berenberg Bank’s price target points to a potential upside of 24.28% from the stock’s current price.

MOON has been the subject of a number of other reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 315 target price on shares of Moonpig Group in a research report on Monday, June 8th. 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 note on Thursday, March 19th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 300.71.

Moonpig Group Price Performance

Moonpig Group stock opened at GBX 241.40 on Thursday. The stock’s fifty day moving average price is GBX 214.71 and its two-hundred day moving average price is GBX 211.83. Moonpig Group has a one year low of GBX 190.20 and a one year high of GBX 250.60. The company has a debt-to-equity ratio of -271.84, a current ratio of 0.30 and a quick ratio of 0.46. The firm has a market cap of £723.93 million, a PE ratio of 17.49 and a beta of 0.97.

Moonpig Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 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. Shares buyback plans are generally a sign that the company’s management 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.