Moonpig Group PLC (LON:MOON) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Moonpig Group has a “Moderate Buy” consensus from seven analysts: six rate the stock a buy and one recommends holding it.
• The average 12-month price target is GBX 299.29, with recent targets ranging from GBX 235 at Deutsche Bank to GBX 315 at Jefferies.
• Shares opened at GBX 281 and have traded near their 52-week high of GBX 290, while the company’s market capitalization stands at approximately £830.4 million.

Moonpig Group PLC (LON:MOON - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 299.29.

A number of research analysts recently issued reports on MOON shares. Jefferies Financial Group restated a "buy" rating and set a GBX 315 price objective on shares of Moonpig Group in a research 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. Canaccord Genuity Group dropped their price target on shares of Moonpig Group from GBX 310 to GBX 300 and set a "buy" rating on the stock in a research report on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 235 price target on shares of Moonpig Group in a research report on Friday, June 26th.

Moonpig Group Trading Up 0.5%

MOON stock opened at GBX 281 on Friday. The company's 50-day simple moving average is GBX 259.04 and its 200 day simple moving average is GBX 229.02. The company has a market capitalization of £830.43 million, a PE ratio of 18.01 and a beta of 0.97. The company has a debt-to-equity ratio of -216.13, a quick ratio of 0.46 and a current ratio of 0.21. Moonpig Group has a 52 week low of GBX 190.20 and a 52 week high of GBX 290.

Moonpig Group announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 7th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership 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.

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