Moonpig Group Executes Share Repurchase, Reduces Share Count

Moonpig Group Plc ( (GB:MOON) ) has issued an announcement.

Moonpig Group plc announced the repurchase of 130,000 ordinary shares as part of its £30 million share repurchase program, with an average price of 219.1321 pence per share. This transaction reduces the total number of shares with voting rights to 315,119,890, impacting shareholder calculations under the Disclosure and Transparency Rules.

The most recent analyst rating on (GB:MOON) stock is a Buy with a £315.00 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 score is driven by positive technical indicators and strategic corporate actions, such as share buybacks and leadership changes. However, financial performance concerns, particularly around profitability and leverage, weigh heavily on the score. The valuation also suggests caution due to a negative P/E ratio.

To see Spark’s full report on GB:MOON stock, click here.

More about Moonpig Group Plc

Moonpig Group plc is a leading online greeting cards and gifting platform, 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 in both regions and also leads in the UK gift experiences market. Moonpig offers a wide range of cards and gifts with personalization options and next-day delivery, utilizing proprietary technology and data science for customer experience optimization and scalability.

Average Trading Volume: 1,098,719

Technical Sentiment Signal: Buy

Current Market Cap: £674.9M

Find detailed analytics on MOON stock on TipRanks’ Stock Analysis page.