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Moneysupermarket.com ( (GB:MONY) ) has shared an update.
MONY Group PLC, a financial services company, announced the repurchase of 75,848 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities. The shares were bought from Morgan Stanley & Co. International Plc at a volume-weighted average price of 197.7600 pence per share. This move is part of MONY’s strategy to manage its capital structure and enhance shareholder value, as the company intends to cancel the repurchased shares.
The most recent analyst rating on (GB:MONY) stock is a Buy with a £2.80 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 robust financial position with strong cash flow and attractive valuation metrics, which are significant strengths. However, technical analysis indicates bearish momentum, which could be a concern for short-term investors. Positive corporate events, including share buybacks and managerial share acquisitions, enhance the stock’s appeal by aligning management interests with shareholders.
To see Spark’s full report on GB:MONY stock, click here.
More about Moneysupermarket.com
Average Trading Volume: 999,685
Technical Sentiment Signal: Sell
Current Market Cap: £1.05B
See more insights into MONY stock on TipRanks’ Stock Analysis page.