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An announcement from Moneysupermarket.com ( (GB:MONY) ) is now available.
MONY Group PLC, a company involved in financial transactions, announced the repurchase of 72,367 of its ordinary shares from Morgan Stanley & Co. International Plc on the London Stock Exchange and Multilateral Trading Facilities. The shares were bought at a volume-weighted average price of 207.2100 pence per share, with the highest price being 208.4000 pence and the lowest at 205.0000 pence. The company plans to cancel the purchased shares, which could impact its share value and market perception by reducing the number of shares in circulation.
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 Neutral.
Moneysupermarket.com is in a strong financial position with effective management of resources and risks, supported by a solid balance sheet and strong cash flow generation. However, the technical analysis shows short-term bearish signals, and the valuation highlights a potential anomaly in the dividend yield. Positive corporate events, particularly share buybacks, reflect management’s confidence in future growth, supporting an overall positive outlook despite some challenges.
To see Spark’s full report on GB:MONY stock, click here.
More about Moneysupermarket.com
Average Trading Volume: 956,490
Technical Sentiment Signal: Hold
Current Market Cap: £1.16B
Learn more about MONY stock on TipRanks’ Stock Analysis page.