Moonpig Group (LON:MOON) Sets New 1-Year High – Here’s What Happened

Moonpig Group PLC (LON:MOON)’s share price hit a new 52-week high during mid-day 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.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued 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 issued a GBX 315 target price on shares of Moonpig Group in a report on Thursday, June 25th. Canaccord Genuity Group cut their price target on Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating for the company in a research note on Friday, June 26th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 300 price objective on shares of Moonpig Group in a research report on Thursday, June 25th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Moonpig Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 299.29.

Moonpig Group Stock Down 2.3%

The company has a debt-to-equity ratio of -216.13, a current ratio of 0.21 and a quick ratio of 0.46. The firm has a 50-day simple moving average of GBX 268.49 and a two-hundred day simple moving average of GBX 232.81. The company has a market cap of £846.24 million, a PE ratio of 18.36 and a beta of 0.97.

Moonpig Group announced that its board has approved a share repurchase plan on Thursday, May 7th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are 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.