In a report released today, Andrew Wade from Jefferies maintained a Buy rating on Moonpig Group Plc (MOON – Research Report), with a price target of p315.00.
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Andrew Wade has given his Buy rating due to a combination of factors that highlight Moonpig Group Plc’s strong performance and strategic initiatives. The company reported that its FY25 revenue is projected to be in line with market expectations, and its EBITDA margin is expected to be at the higher end of the guided range, indicating robust financial health.
Additionally, Moonpig’s brand has shown significant growth, particularly in the gift attachment rates, which have improved notably in the second half of the year. Despite challenges faced by Greetz in the third quarter, its recent performance has been on an upward trend. Furthermore, the announcement of a new £60 million buyback program, which exceeds previous expectations, underscores the company’s commitment to returning value to shareholders.
According to TipRanks, Wade is ranked #3704 out of 9414 analysts.
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