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

Moonpig Group PLC (LON:MOON) reached a new 52-week high on Wednesday . The company traded as high as GBX 290 and last traded at GBX 286.74, with a volume of 85786 shares changing hands. The stock had previously closed at GBX 285.80.

Wall Street Analyst Weigh In

A number of equities 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 for the company in a report on Friday, June 26th. Berenberg Bank reiterated a “buy” rating and set a GBX 300 price objective on shares of Moonpig Group in a research note on Thursday, June 25th. Jefferies Financial Group reissued a “buy” rating and set a GBX 315 price objective on shares of Moonpig Group in a report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 235 target price on shares of Moonpig Group in a research note on Friday, June 26th. Six 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 299.29.

Moonpig Group Stock Performance

The stock has a 50-day moving average of GBX 262.78 and a 200 day moving average of GBX 230.54. 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 stock has a market capitalization of £851.71 million, a price-to-earnings ratio of 18.47 and a beta of 0.97.

Moonpig Group declared that its board has initiated a share repurchase plan on Thursday, May 7th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Moonpig Group Company Profile

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.