Moonpig Group (LON:MOON) Sets New 12-Month High – Should You Buy?

Shares of Moonpig Group PLC (LON:MOON) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 274 and last traded at GBX 265.59, with a volume of 17958 shares changing hands. The stock had previously closed at GBX 267.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MOON shares. Canaccord Genuity Group dropped their target price on Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating on the stock in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 235 price target on shares of Moonpig Group in a report on Friday, June 26th. Berenberg Bank reissued a “buy” rating and issued a GBX 300 price objective on shares of Moonpig Group in a research note on Thursday, June 25th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 315 price objective 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Moonpig Group has a consensus rating of “Moderate Buy” and an average target price of GBX 299.29.

Moonpig Group Price Performance

The stock has a market cap of £790.26 million, a price-to-earnings ratio of 17.04 and a beta of 0.95. The company’s 50 day moving average is GBX 231.88 and its 200 day moving average is GBX 219.17. 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 of Directors has initiated a share buyback plan on Thursday, May 7th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication 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.