Moonpig Group (LON:MOON) Shares Down 4.3% – Time to Sell?

by · The Markets Daily

Moonpig Group PLC (LON:MOON – Get Free Report)’s share price traded down 4.3% during mid-day trading on Wednesday . The stock traded as low as GBX 202 and last traded at GBX 202.50. 2,007,555 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 1,852,705 shares. The stock had previously closed at GBX 211.50.

Analyst Ratings Changes

MOON has been the subject of a number of research reports. Peel Hunt reiterated a “buy” rating and issued a GBX 300 price objective on shares of Moonpig Group in a report on Thursday, September 18th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 310 price target on shares of Moonpig Group in a research note on Wednesday, September 17th. Finally, UBS Group reiterated a “buy” rating and set a GBX 360 price target on shares of Moonpig Group in a report on Friday, September 5th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 300.33.

View Our Latest Stock Report on MOON

Moonpig Group Stock Performance

The company has a debt-to-equity ratio of 3,511.31, a quick ratio of 0.46 and a current ratio of 0.24. The stock’s 50 day moving average price is GBX 212.86 and its 200 day moving average price is GBX 218.21. The company has a market capitalization of £639.58 million, a P/E ratio of -63.28 and a beta of 1.24.

Moonpig Group declared that its board has initiated a stock repurchase plan on Friday, November 7th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Moonpig Group Company Profile

(Get Free Report)

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.

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