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Moneysupermarket.com ( (GB:MONY) ) has issued an update.
MONY Group PLC, a financial entity, announced the repurchase of 80,963 of its ordinary shares from Morgan Stanley & Co. International Plc on the London Stock Exchange and Multilateral Trading Facilities. The shares were bought at prices ranging from 183.3000 to 186.7000 pence, with a volume-weighted average price of 185.1400 pence per share. This move is part of MONY’s strategy to manage its share capital, as the company plans to cancel the purchased shares, potentially impacting its share value and benefiting existing shareholders.
The most recent analyst rating on (GB:MONY) stock is a Buy with a £260.00 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 has a strong financial foundation with robust cash flow and effective debt management, contributing significantly to its overall score. The valuation is attractive with a low P/E ratio and high dividend yield, making it appealing for value and income-focused investors. However, the technical analysis indicates a bearish trend, which could pose short-term challenges. The absence of earnings call and corporate events data means these factors do not influence the score.
To see Spark’s full report on GB:MONY stock, click here.
More about Moneysupermarket.com
Average Trading Volume: 1,017,174
Technical Sentiment Signal: Strong Sell
Current Market Cap: £970.3M
See more data about MONY stock on TipRanks’ Stock Analysis page.