MONY Group PLC Announces Share Buyback and Cancellation

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

MONY Group PLC announced the repurchase of 76,461 of its ordinary shares on the London Stock Exchange, with the highest price paid per share being 196.7000 pence and the lowest at 195.5000 pence. The company intends to cancel these shares, which could impact its share capital structure and potentially influence its market positioning by enhancing shareholder value.

The most recent analyst rating on (GB:MONY) stock is a Buy with a £260.00 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.

Moneysupermarket.com has a strong financial foundation with robust cash flow and effective debt management, contributing significantly to its overall score. The valuation is attractive with a low P/E ratio and high dividend yield, making it appealing for value and income-focused investors. However, the technical analysis indicates a bearish trend, which could pose short-term challenges. The absence of earnings call and corporate events data means these factors do not influence the score.

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

More about Moneysupermarket.com

Moneysupermarket.com is a financial services company operating in the online comparison industry, primarily offering services that allow consumers to compare prices on a wide range of products including insurance, financial services, and utilities. The company focuses on providing transparency and helping consumers make informed decisions by comparing various market options.

Average Trading Volume: 949,280

Technical Sentiment Signal: Sell

Current Market Cap: £1.03B

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