MONY Group Executes Share Buyback and Plans Share Cancellation

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

MONY Group PLC, a company listed on the London Stock Exchange, has executed a buyback of 69,640 of its ordinary shares at prices ranging from 212.8000 to 216.8000 pence per share. This transaction, conducted through Morgan Stanley & Co. International Plc, is part of a previously announced share repurchase program, and the company plans to cancel the purchased shares, potentially impacting its share capital structure and shareholder value.

The most recent analyst rating on (GB:MONY) stock is a Buy with a £2.85 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.

Moneysupermarket.com presents a strong financial profile with robust earnings growth, effective debt management, and significant cash flow. The technical analysis indicates stable momentum, but caution is advised due to potential overbought conditions. The attractive valuation and strategic corporate actions, such as share buybacks, further bolster its appeal. Despite a slight slowdown in revenue growth, the stock offers a balanced risk-reward profile with solid strengths and manageable risks.

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

More about Moneysupermarket.com

Average Trading Volume: 1,347,672

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.13B

Learn more about MONY stock on TipRanks’ Stock Analysis page.