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Moneysupermarket.com ( (GB:MONY) ) has provided an announcement.
MONY Group PLC, a company operating in the financial sector, has announced the repurchase of 73,079 of its ordinary shares from Morgan Stanley & Co. International Plc. The shares were bought on the London Stock Exchange and Multilateral Trading Facilities, with prices ranging from 197.3 to 198.9 pence per share. The company intends to cancel these shares, a move that could impact its share capital and potentially benefit shareholders by increasing the value of remaining 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 strong financial foundation with effective cash flow management and a favorable valuation, making it attractive for investors. However, technical indicators suggest potential short-term bearish momentum. The company’s strategic share repurchases and managerial share acquisitions reflect confidence in its future, further supporting its overall positive outlook.
To see Spark’s full report on GB:MONY stock, click here.
More about Moneysupermarket.com
Average Trading Volume: 984,603
Technical Sentiment Signal: Sell
Current Market Cap: £1.05B
For an in-depth examination of MONY stock, go to TipRanks’ Overview page.