Jefferies Financial Group Reaffirms “Buy” Rating for Moonpig Group (LON:MOON)

Moonpig Group (LON:MOON)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 315 target price on the stock. Jefferies Financial Group’s price target suggests a potential upside of 32.80% from the company’s previous close.

A number of other research firms also recently issued reports on MOON. JPMorgan Chase & Co. boosted their target price on shares of Moonpig Group from GBX 275 to GBX 285 and gave the company an “overweight” rating in a report on Thursday, March 19th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 300 price target on shares of Moonpig Group in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Moonpig Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 300.71.

Moonpig Group Trading Up 9.2%

LON MOON opened at GBX 237.20 on Thursday. The company has a market cap of £711.33 million, a P/E ratio of 17.19 and a beta of 0.97. Moonpig Group has a 12 month low of GBX 190.20 and a 12 month high of GBX 250.60. 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 company has a 50-day moving average of GBX 214.71 and a 200-day moving average of GBX 211.83.

Moonpig Group announced that its board has initiated a share buyback plan on Thursday, May 7th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management 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.