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Moneysupermarket.com ( (GB:MONY) ) has shared an update.
MONY Group PLC, a company involved in financial services, has announced the repurchase of 74,663 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 200.8800 pence per share, with the intention to cancel them. This move is part of MONY’s strategic financial management, potentially impacting 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 £2.80 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 shows strong financial performance and attractive valuation, which are significant strengths. However, bearish technical indicators suggest caution in the short term. The positive impact of corporate events like share buybacks supports the stock’s potential for long-term appreciation.
To see Spark’s full report on GB:MONY stock, click here.
More about Moneysupermarket.com
Average Trading Volume: 1,011,522
Technical Sentiment Signal: Sell
Current Market Cap: £1.05B
See more insights into MONY stock on TipRanks’ Stock Analysis page.