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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 74,594 of its ordinary shares from Morgan Stanley & Co. International Plc on the London Stock Exchange and Multilateral Trading Facilities. The shares were bought at prices ranging from 199.3000 to 201.2000 pence, with a volume weighted average price of 200.2100 pence. The company intends to cancel the purchased shares, which could impact its share capital and potentially enhance shareholder value by increasing earnings per share.
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: 1,010,114
Technical Sentiment Signal: Hold
Current Market Cap: £1.06B
Find detailed analytics on MONY stock on TipRanks’ Stock Analysis page.