Moonpig Group (LON:MOON – Get Free Report)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a note issued to investors on Monday,Digital Look reports. They presently have a GBX 315 target price on the stock. Jefferies Financial Group’s target price suggests a potential upside of 45.29% from the company’s previous close.
Separately, JPMorgan Chase & Co. lifted their price target on Moonpig Group from GBX 275 to GBX 285 and gave the stock an “overweight” rating in a research note on Thursday, March 19th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 300.83.
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Moonpig Group Trading Down 0.2%
Moonpig Group declared that its Board of Directors has authorized a stock repurchase plan on Thursday, May 7th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.
About Moonpig Group
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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