Moonpig Group PLC (MOON.L) - What Are Investment Firms Saying About This Stock?

Key Points

• Analysts are moderately bullish: Five of six brokerages rate Moonpig a buy, while one recommends holding. Their average 12-month price target is GBX 289.17; Berenberg Bank reiterated its buy rating with a GBX 300 target.
• Moonpig authorized a £32.5 million share buyback, allowing it to repurchase up to 3.9% of its outstanding shares through open-market purchases.
• Shares opened at GBX 284.40, within a 52-week range of GBX 193.40–301.40. Insider Andy MacKinnon sold 173,645 shares for about £472,000 in October.

Moonpig Group PLC (LON:MOON - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 289.17.

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 300 target price on shares of Moonpig Group in a research note on Wednesday, September 16th.

Moonpig Group Stock Performance

Shares of MOON stock opened at GBX 284.40 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.21 and a debt-to-equity ratio of -216.13. Moonpig Group has a 52 week low of GBX 193.40 and a 52 week high of GBX 301.40. The stock has a market capitalization of £839.30 million, a PE ratio of 18.23 and a beta of 0.93. The firm has a 50 day moving average of GBX 276.75 and a two-hundred day moving average of GBX 240.96.

Moonpig Group declared that its Board of Directors has initiated a share repurchase program on Tuesday, November 3rd that permits the company to repurchase £32.50 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.9% of its shares through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other Moonpig Group news, insider Andy MacKinnon sold 173,645 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of GBX 272, for a total transaction of £472,314.40. 2.76% of the stock is owned by company insiders.

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.

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