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Moneysupermarket.com ( (GB:MONY) ) has provided an update.
MONY Group PLC, a company involved in financial services, announced the repurchase of 75,251 of its ordinary shares from Morgan Stanley & Co. International Plc on the London Stock Exchange. The shares were bought at a volume-weighted average price of 199.34 pence per share, with the highest price at 200 pence and the lowest at 198 pence. The company plans to cancel the repurchased shares, which could potentially impact its share capital structure and market perception.
The most recent analyst rating on (GB:MONY) stock is a Buy with a £216.00 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 stock’s attractive valuation, with a reasonable P/E ratio and high dividend yield, further supports its investment appeal. However, bearish technical indicators suggest potential short-term weakness, which slightly offsets the positive financial and valuation aspects.
To see Spark’s full report on GB:MONY stock, click here.
More about Moneysupermarket.com
Average Trading Volume: 939,879
Technical Sentiment Signal: Sell
Current Market Cap: £1.04B
Find detailed analytics on MONY stock on TipRanks’ Stock Analysis page.