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MONY Group Buys Back and Cancels 47,061 Ordinary Shares

Story Highlights
  • MONY Group PLC repurchased 47,061 ordinary shares at an average price of 159.31 pence.
  • The company will cancel the repurchased shares, reducing share capital and potentially boosting EPS.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
MONY Group Buys Back and Cancels 47,061 Ordinary Shares

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

MONY Group PLC has repurchased 47,061 of its ordinary shares of 0.02 pence each on the London Stock Exchange and multilateral trading facilities, with prices ranging between 157.60 pence and 161.00 pence and a volume-weighted average price of 159.31 pence. The company plans to cancel these shares, effectively reducing its share capital, which may enhance earnings per share and signal confidence in its valuation to investors.

The most recent analyst rating on (GB:MONY) stock is a Buy with a £178.00 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 GB:MONY Stock

According to Spark, TipRanks’ AI Analyst, GB: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 GB:MONY stock, click here.

More about Moneysupermarket.com

MONY Group PLC, formerly Moneysupermarket.com, operates in the UK financial services and price-comparison industry. The group primarily offers online platforms that allow consumers to compare and purchase products such as insurance, credit cards, loans, and utility deals, serving both retail customers and financial product providers.

Average Trading Volume: 1,715,885

Technical Sentiment Signal: Sell

Current Market Cap: £823.3M

See more data about MONY stock on TipRanks’ Stock Analysis page.

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