Moonpig Group PLC (LON:MOON – Get Free Report) has been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 289.17.
Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 300 target price on shares of Moonpig Group in a report on Wednesday, September 16th.
Read Our Latest Stock Analysis on MOON
Moonpig Group Trading Down 1.8%
Shares of LON MOON opened at GBX 279.60 on Wednesday. Moonpig Group has a 1-year low of GBX 193.40 and a 1-year high of GBX 301.40. The business has a fifty day moving average price of GBX 276.58 and a 200 day moving average price of GBX 242.77. The stock has a market capitalization of £818.65 million, a P/E ratio of 17.92 and a beta of 0.93. 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 announced that its board has authorized a share repurchase plan on Tuesday, November 3rd that permits the company to buy back £32.50 million in shares. This repurchase authorization permits the company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
Insider Buying and Selling at Moonpig Group
In other news, insider Andy MacKinnon sold 173,645 shares of Moonpig Group stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of GBX 272, for a total value of £472,314.40. Corporate insiders own 2.83% of the company’s stock.
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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