Moonpig Group’s (MOON) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Moonpig Group (LON:MOON) in a report released on Wednesday morning,Digital Look reports. Berenberg Bank currently has a GBX 300 target price on the stock.

Several other analysts also recently issued reports on MOON. Jefferies Financial Group reissued a “buy” rating and issued a GBX 315 price target on shares of Moonpig Group in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 235 price objective on shares of Moonpig Group in a report on Friday, June 26th. Finally, Canaccord Genuity Group dropped their price objective on shares of Moonpig Group from GBX 310 to GBX 300 and set a “buy” rating on the stock in a research note on Friday, June 26th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Moonpig Group has an average rating of “Moderate Buy” and a consensus target price of GBX 289.17.

Moonpig Group Trading Down 2.0%

LON MOON opened at GBX 259 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.21 and a debt-to-equity ratio of -216.13. Moonpig Group has a 52 week low of GBX 193.40 and a 52 week high of GBX 293. The business has a 50 day moving average price of GBX 273.98 and a 200-day moving average price of GBX 237.86. The company has a market cap of £758.31 million, a price-to-earnings ratio of 16.60 and a beta of 0.97.

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.