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The latest announcement is out from Moneysupermarket.com ( (GB:MONY) ).
MONY Group PLC, a company involved in financial transactions, announced the repurchase of 69,884 of its ordinary shares from Morgan Stanley & Co. International Plc. The shares were bought on the London Stock Exchange and Multilateral Trading Facilities at prices ranging from 213.6000 pence to 215.4000 pence per share, with a volume-weighted average price of 214.6400 pence. This transaction is part of a previously announced plan, and MONY intends to cancel the purchased shares, which could potentially impact the company’s share value and market perception.
The most recent analyst rating on (GB:MONY) stock is a Buy with a £2.85 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 positioned strongly with robust financial performance, positive technical indicators, and attractive valuation metrics. The company’s strategic initiatives, including share buybacks, further boost shareholder value, making it an appealing investment option.
To see Spark’s full report on GB:MONY stock, click here.
More about Moneysupermarket.com
Average Trading Volume: 1,046,955
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.15B
Learn more about MONY stock on TipRanks’ Stock Analysis page.