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Moneysupermarket.com ( (GB:MONY) ) has issued an update.
MONY Group PLC, a company operating in the financial sector, has announced the repurchase of 67,928 of its ordinary shares from Morgan Stanley & Co. International Plc. This transaction was conducted on the London Stock Exchange and Multilateral Trading Facilities, following instructions issued earlier in the year. The highest price paid per share was 222 pence, with a volume-weighted average price of 220.82 pence. MONY intends to cancel the purchased shares, which could impact the company’s share capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
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: 955,763
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.16B
For an in-depth examination of MONY stock, go to TipRanks’ Overview page.