Moonpig Group (LON:MOON) Sets New 52-Week High - Here's What Happened

Key Points

• Moonpig Group shares reached a new 52-week high of GBX 290 before last trading at GBX 280.20, giving the company a market capitalization of approximately £829.84 million.
• Analyst sentiment remains positive: six analysts rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of GBX 299.29.
• The company’s valuation includes a P/E ratio of 18.00, while its shares trade above both the 50-day and 200-day moving averages; a reported share buyback authorization permits repurchases of zero shares.

Moonpig Group PLC (LON:MOON - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 290 and last traded at GBX 280.20, with a volume of 238210 shares traded. The stock had previously closed at GBX 281.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Canaccord Genuity Group dropped their price objective on Moonpig Group from GBX 310 to GBX 300 and set a "buy" rating for the company in a research note on Friday, June 26th. Jefferies Financial Group reissued a "buy" rating and set a GBX 315 price target on shares of Moonpig Group in a report on Thursday, June 25th. Berenberg Bank restated a "buy" rating and issued a GBX 300 price target on shares of Moonpig Group in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 235 price objective on shares of Moonpig Group in a research note on Friday, June 26th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 299.29.

Moonpig Group Stock Down 0.1%

The firm's 50 day moving average price is GBX 257.88 and its 200-day moving average price is GBX 228.56. The company has a current ratio of 0.21, a quick ratio of 0.46 and a debt-to-equity ratio of -216.13. The company has a market cap of £829.84 million, a P/E ratio of 18.00 and a beta of 0.97.

Moonpig Group declared that its board has initiated a share buyback program on Thursday, May 7th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board 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.

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