Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
An announcement from Moneysupermarket.com ( (GB:MONY) ) is now available.
MONY Group PLC, a company involved in financial transactions, has announced the repurchase of 68,219 of its ordinary shares from Morgan Stanley & Co. International Plc on the London Stock Exchange. The shares were bought at prices ranging from 218.2000 to 220.2000 pence per share, with a volume-weighted average price of 219.6300 pence. The company plans to cancel these shares, which could impact its share capital and potentially influence shareholder value.
The most recent analyst rating on (GB:MONY) stock is a Buy with a £2.80 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 performance with effective cash flow management and robust margins. Technical indicators suggest stability, while a fair valuation coupled with a solid dividend yield enhances attractiveness. The strategic share buybacks are a positive corporate event, reflecting management’s confidence in future performance.
To see Spark’s full report on GB:MONY stock, click here.
More about Moneysupermarket.com
Average Trading Volume: 866,657
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.16B
For a thorough assessment of MONY stock, go to TipRanks’ Stock Analysis page.