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Moneysupermarket.com ( (GB:MONY) ) has shared an update.
MONY Group PLC, a financial services company, announced the purchase of 68,275 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities. The shares were bought from Morgan Stanley & Co. International Plc, with the highest price paid per share being 219.6000 pence and the lowest at 216.4000 pence. The company intends to cancel the purchased shares, which could impact its share capital and potentially influence 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 has a strong financial position with consistent growth and strategic share buybacks, enhancing shareholder value. The stock’s bullish momentum and attractive valuation further contribute to its favorable outlook. While future growth challenges exist, the overall fundamentals remain solid.
To see Spark’s full report on GB:MONY stock, click here.
More about Moneysupermarket.com
Average Trading Volume: 995,857
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.15B
For an in-depth examination of MONY stock, go to TipRanks’ Overview page.