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Moneysupermarket.com ( (GB:MONY) ) has provided an update.
MONY Group PLC, a company involved in financial transactions, has announced the repurchase of 69,685 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities. The shares were acquired from Morgan Stanley & Co. International Plc at prices ranging from 214.6000 to 216.0000 pence, with a volume-weighted average price of 215.2100 pence. The company plans to cancel these shares, which could potentially impact its share value and market positioning by reducing the number of shares outstanding.
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 has a strong financial position with consistent growth and strategic share buybacks, enhancing shareholder value. The stock’s bullish momentum and attractive valuation further contribute to its favorable outlook. While future growth challenges exist, the overall fundamentals remain solid.
To see Spark’s full report on GB:MONY stock, click here.
More about Moneysupermarket.com
Average Trading Volume: 997,162
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.14B
See more insights into MONY stock on TipRanks’ Stock Analysis page.