Analysts Set Moonpig Group PLC (LON:MOON) Target Price at GBX 300.83

Moonpig Group PLC (LON:MOON) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 300.83.

A number of research analysts have issued reports on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 315 price objective on shares of Moonpig Group in a research note on Friday, March 20th. JPMorgan Chase & Co. upped their price objective on Moonpig Group from GBX 275 to GBX 285 and gave the company an “overweight” rating in a research note on Thursday, March 19th.

Moonpig Group Stock Down 1.1%

Shares of LON:MOON opened at GBX 203.98 on Wednesday. The company has a market capitalization of £619.73 million, a PE ratio of 14.78 and a beta of 0.97. 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 business has a fifty day moving average price of GBX 211.95 and a two-hundred day moving average price of GBX 210.13. Moonpig Group has a 1 year low of GBX 190.20 and a 1 year high of GBX 262.50.

Moonpig Group declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 7th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign 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.