Moonpig Group (LON:MOON) Reaches New 12-Month High – What’s Next?

Moonpig Group PLC (LON:MOON – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 293 and last traded at GBX 286.80, with a volume of 84559 shares changing hands. The stock had previously closed at GBX 293.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MOON shares. 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. Jefferies Financial Group reissued a “buy” rating and set a GBX 315 price target on shares of Moonpig Group in a report on Thursday, June 25th. Canaccord Genuity Group dropped 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. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 300 price objective on shares of Moonpig Group in a research note on Thursday, June 25th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 299.29.

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Moonpig Group Stock Performance

The stock’s 50-day moving average is GBX 268.49 and its 200 day moving average is GBX 232.81. The stock has a market cap of £846.24 million, a price-to-earnings ratio of 18.36 and a beta of 0.97. The company has a debt-to-equity ratio of -216.13, a current ratio of 0.21 and a quick ratio of 0.46.

Moonpig Group declared that its board has initiated a stock buyback program 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 programs are usually a sign that the company’s board believes its stock is undervalued.

About Moonpig Group

(Get Free Report)

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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