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MONY Group PLC Announces Share Buyback and Cancellation

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MONY Group PLC Announces Share Buyback and Cancellation

TipRanks Cyber Monday Sale

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

MONY Group PLC, a company involved in financial transactions, announced the purchase of 79,940 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 188.5000 pence and the lowest at 186.4000 pence, resulting in a volume-weighted average price of 187.5800 pence. The company plans to cancel the purchased shares, which could impact its share capital structure and potentially influence 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

Average Trading Volume: 1,045,492

Technical Sentiment Signal: Strong Sell

Current Market Cap: £977.8M

Find detailed analytics on MONY stock on TipRanks’ Stock Analysis page.

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