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Moonpig Group Plc ( (GB:MOON) ) just unveiled an update.
Moonpig Group plc has executed a share repurchase transaction, buying back 96,708 ordinary shares at an average price of 211.7815 pence as part of its £30 million share repurchase program. This move reduces the number of shares in circulation, potentially enhancing shareholder value and impacting the company’s market positioning by adjusting the share capital structure.
The most recent analyst rating on (GB:MOON) stock is a Buy with a £265.00 price target. To see the full list of analyst forecasts on Moonpig Group Plc stock, see the GB:MOON Stock Forecast page.
Spark’s Take on GB:MOON Stock
According to Spark, TipRanks’ AI Analyst, GB:MOON is a Neutral.
Moonpig Group Plc’s overall stock score is primarily impacted by financial instability and a bearish technical outlook. However, strategic corporate events and share repurchase programs provide some positive sentiment, partially offsetting the negative financial and valuation aspects.
To see Spark’s full report on GB:MOON stock, click here.
More about Moonpig Group Plc
Moonpig Group plc is a leading online platform for greeting cards and gifting, operating under the Moonpig, Red Letter Days, and Buyagift brands in the UK, and the Greetz brand in the Netherlands. The company is the market leader in online cards and gift experiences in its regions, offering a wide range of products with personalization features and next-day delivery through its proprietary technology platforms.
Average Trading Volume: 1,191,205
Technical Sentiment Signal: Sell
Current Market Cap: £689.5M
See more insights into MOON stock on TipRanks’ Stock Analysis page.