tiprankstipranks
Advertisement
Advertisement

Mony Group Buys Back and Cancels 128,788 Shares

Story Highlights
  • Mony Group PLC repurchased 128,788 ordinary shares via Morgan Stanley at prices between 154 and 157 pence.
  • The company will cancel the bought-back shares, reducing share count and potentially boosting capital efficiency.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mony Group Buys Back and Cancels 128,788 Shares

Claim 30% Off TipRanks

Moneysupermarket.com ( (GB:MONY) ) has shared an update.

Mony Group PLC has repurchased 128,788 of its ordinary shares on the London Stock Exchange and multilateral trading facilities, executing the trades through Morgan Stanley & Co. International at prices between 154.00 pence and 157.00 pence, with a volume-weighted average price of 155.29 pence. The company plans to cancel the repurchased shares, reducing its share count and potentially enhancing earnings per share and capital efficiency for investors.

The most recent analyst rating on (GB:MONY) stock is a Buy with a £250.00 price target. To see the full list of analyst forecasts on Moneysupermarket.com stock, see the GB:MONY Stock Forecast page.

Spark’s Take on MONY Stock

According to Spark, TipRanks’ AI Analyst, MONY is a Outperform.

The score is driven primarily by strong financial performance (profitability, low leverage, and robust free cash flow) and attractive valuation (low P/E and high dividend yield). These positives are partly offset by weak technicals, with the stock trading below key moving averages and showing bearish momentum.

To see Spark’s full report on MONY stock, click here.

More about Moneysupermarket.com

Mony Group PLC operates as a UK-based financial services and price comparison business, best known for its MoneySuperMarket platform, which helps consumers compare and choose products such as insurance, credit and utilities. The group is listed on the London Stock Exchange and actively manages its capital structure through share repurchase programmes.

Average Trading Volume: 2,064,428

Technical Sentiment Signal: Sell

Current Market Cap: £809.2M

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1