Moonpig Group PLC (LON:MOON – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 286 and last traded at GBX 277.54, with a volume of 446763 shares trading hands. The stock had previously closed at GBX 275.60.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Canaccord Genuity Group cut their price target on Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating for the company in a research note on Friday, June 26th. Berenberg Bank restated a “buy” rating and set a GBX 300 price objective on shares of Moonpig Group in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 235 target price on shares of Moonpig Group in a report on Friday, June 26th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 315 price target on shares of Moonpig Group in a research report on Thursday, June 25th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Moonpig Group currently has an average rating of “Moderate Buy” and an average target price of GBX 299.29.
View Our Latest Research Report on Moonpig Group
Moonpig Group Price Performance
Moonpig Group declared that its Board of Directors has approved a share repurchase plan on Thursday, May 7th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board 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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