Moonpig Group PLC (LON:MOON – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 290 and last traded at GBX 286.74, with a volume of 85786 shares traded. The stock had previously closed at GBX 285.80.
Wall Street Analyst Weigh In
MOON has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 235 price target on shares of Moonpig Group in a research note on Friday, June 26th. Berenberg Bank reiterated a “buy” rating and issued a GBX 300 target price on shares of Moonpig Group in a report on Thursday, June 25th. Jefferies Financial Group restated a “buy” rating and set a GBX 315 price target on shares of Moonpig Group in a report on Thursday, June 25th. Finally, Canaccord Genuity Group lowered their price target on Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating on the stock in a research report on Friday, June 26th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 299.29.
Get Our Latest Research Report on Moonpig Group
Moonpig Group Stock Performance
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 reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board 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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