MONY Group PLC Announces Share Buyback and Cancellation

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

MONY Group PLC, a company operating in the financial sector, announced the purchase of 67,922 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities. The transaction was executed through Morgan Stanley & Co. International Plc, with the highest price per share at 216.8000 pence and the lowest at 213.2000 pence, resulting in a volume-weighted average price of 215.4700 pence. The company plans to cancel these shares, which may impact its share capital structure and market perception.

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 is positioned strongly with robust financial performance, positive technical indicators, and attractive valuation metrics. The company’s strategic initiatives, including share buybacks, further boost shareholder value, making it an appealing investment option.

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

More about Moneysupermarket.com

Average Trading Volume: 1,036,297

Technical Sentiment Signal: Buy

Current Market Cap: £1.13B

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