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Mony Group Cancels 117,102 Shares After Latest Buyback

Story Highlights
  • Mony Group PLC repurchased 117,102 ordinary shares at an average 170.79 pence.
  • The company will cancel the bought-back shares, tightening its equity base and potentially boosting EPS.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mony Group Cancels 117,102 Shares After Latest Buyback

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

Mony Group PLC has repurchased 117,102 of its ordinary shares on the London Stock Exchange and multilateral trading facilities, paying between 169.05 pence and 171.55 pence per share, with a volume-weighted average price of 170.79 pence. The company intends to cancel these shares, a move that will reduce its share count and can enhance earnings per share and capital-return metrics for existing shareholders, underscoring ongoing use of buybacks as part of its capital management strategy.

The most recent analyst rating on (GB:MONY) stock is a Buy with a £230.00 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, formerly known as Moneysupermarket.com, operates in the U.K. financial services and price-comparison industry, providing online platforms that help consumers compare and purchase products such as insurance, credit cards, loans, and other personal finance offerings. The company is listed on the London Stock Exchange and targets retail customers seeking better-value financial products.

Average Trading Volume: 2,402,463

Technical Sentiment Signal: Sell

Current Market Cap: £864.8M

For detailed information about MONY stock, go to TipRanks’ Stock Analysis page.

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