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Deutsche Bank Reaffirms Their Buy Rating on Moonpig Group Plc (MOON)

Deutsche Bank Reaffirms Their Buy Rating on Moonpig Group Plc (MOON)

In a report released yesterday, Alison Lygo from Deutsche Bank maintained a Buy rating on Moonpig Group Plc (MOON – Research Report), with a price target of £2.90. The company's shares closed yesterday at p220.50.
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According to TipRanks, Lygo is a 3-star analyst with an average return of 3.5% and a 63.64% success rate. Lygo covers the Consumer Cyclical sector, focusing on stocks such as Watches of Switzerland Group PLC, Moonpig Group Plc, and Motorpoint.
Moonpig Group Plc has an analyst consensus of Strong Buy, with a price target consensus of p312.14, representing a 41.56% upside. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a p315.00 price target.
Based on Moonpig Group Plc's latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of p157.99 million and a GAAP net loss of p38.49 million. In comparison, last year the company earned a revenue of p152.14 million and had a net profit of p14.08 million
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