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An announcement from Moonpig Group Plc ( (GB:MOON) ) is now available.
Moonpig Group plc has announced the repurchase and cancellation of 96,000 of its ordinary shares as part of a £30 million share repurchase program. This transaction, facilitated by J.P. Morgan Securities plc, reflects the company’s strategic financial management and could impact shareholder calculations under the Disclosure and Transparency Rules. The remaining number of ordinary shares in issue is now 332,962,263, which stakeholders can use for notification obligations.
The most recent analyst rating on (GB:MOON) stock is a Buy with a £230.00 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 stock score reflects strong cash flow performance and strategic share buyback activities that help mitigate concerns about high debt levels and negative equity. Positive market momentum supports the stock, but poor valuation metrics and significant financial risks limit the score. Continued focus on improving the capital structure and operational efficiency is essential for future performance.
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 specializing in 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 a market leader in online cards and gift experiences, offering a wide range of personalized products and next-day delivery through its proprietary technology platforms.
Average Trading Volume: 1,444,774
Technical Sentiment Signal: Strong Buy
Current Market Cap: £804.6M
Learn more about MOON stock on TipRanks’ Stock Analysis page.