Moonpig Group PLC (LON:MOON) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Moonpig Group PLC (LON:MOON) have earned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 307.

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 300 price objective on shares of Moonpig Group in a research note on Tuesday, December 9th.

Moonpig Group Price Performance

MOON stock opened at GBX 206.50 on Monday. The firm has a market cap of £643.31 million, a P/E ratio of 14.96 and a beta of 1.24. The firm’s fifty day moving average is GBX 209.01 and its 200 day moving average is GBX 209.98. Moonpig Group has a 52 week low of GBX 188.60 and a 52 week high of GBX 262.50. The company has a debt-to-equity ratio of 3,511.31, a quick ratio of 0.46 and a current ratio of 0.24.

Moonpig Group declared that its board has initiated a stock repurchase program on Friday, November 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 programs are generally an indication that the company’s board of directors 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.