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Moneysupermarket.com ( (GB:MONY) ) just unveiled an update.
MONY Group PLC, a company involved in financial transactions, has announced the repurchase of 70,468 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities. The shares were bought from Morgan Stanley & Co. International Plc at prices ranging from 211.4000 to 214.0000 pence per share, with a volume-weighted average price of 212.8600 pence. This move is part of MONY’s previously announced plans and the company intends to cancel the purchased shares, potentially impacting its share capital structure.
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: 1,033,903
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.14B
See more data about MONY stock on TipRanks’ Stock Analysis page.