Moonpig Group (LON:MOON) Reaches New 1-Year High – Still a Buy?

Shares of Moonpig Group PLC (LON:MOON) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 253 and last traded at GBX 248.20, with a volume of 28250 shares changing hands. The stock had previously closed at GBX 250.

Analyst Ratings Changes

MOON has been the topic of a number of analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 price objective on shares of Moonpig Group in a research report on Thursday, June 25th. JPMorgan Chase & Co. raised their target price on shares of Moonpig Group from GBX 275 to GBX 285 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 235 price target on shares of Moonpig Group in a report on Friday, June 26th. Canaccord Genuity Group reduced 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, Jefferies Financial Group reiterated a “buy” rating and set a GBX 315 price objective on shares of Moonpig Group in a report on Thursday, June 25th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 299.29.

Moonpig Group Price Performance

The company has a debt-to-equity ratio of -216.13, a quick ratio of 0.46 and a current ratio of 0.21. The firm has a market cap of £743.12 million, a price-to-earnings ratio of 17.96 and a beta of 0.97. The stock’s 50 day simple moving average is GBX 216.87 and its 200-day simple moving average is GBX 212.86.

Moonpig Group announced that its board has approved a stock buyback program on Thursday, May 7th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically 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.