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An update from Moneysupermarket.com ( (GB:MONY) ) is now available.
MONY Group PLC, a financial services company, announced the repurchase of 75,025 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 199.9300 pence per share. This move is part of MONY’s strategy to manage its share capital, as the company intends to cancel the purchased shares, potentially impacting its share value and shareholder equity.
The most recent analyst rating on (GB:MONY) stock is a Buy with a £224.00 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 is in a strong financial position with robust cash flow and effective debt management, contributing significantly to its overall score. The valuation is attractive, with a reasonable P/E ratio and a high dividend yield, making it appealing for income-focused investors. However, technical indicators suggest mixed market sentiment, which could pose short-term challenges.
To see Spark’s full report on GB:MONY stock, click here.
More about Moneysupermarket.com
Average Trading Volume: 992,822
Technical Sentiment Signal: Hold
Current Market Cap: £1.06B
See more data about MONY stock on TipRanks’ Stock Analysis page.