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An announcement from Moneysupermarket.com ( (GB:MONY) ) is now available.
MONY Group PLC, a company involved in financial transactions, has announced the repurchase of 81,626 of its ordinary shares from Morgan Stanley & Co. International Plc on the London Stock Exchange. This move, part of a previously announced plan, involved buying shares at prices ranging from 178.6000 to 186.1000 pence, with a volume-weighted average price of 183.6700 pence. The company intends to cancel the repurchased shares, which could impact its share value and stakeholder interests by potentially increasing the value of remaining shares.
The most recent analyst rating on (GB:MONY) stock is a Buy with a £260.00 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 foundation with robust cash flow and effective debt management, contributing significantly to its overall score. The valuation is attractive with a low P/E ratio and high dividend yield, making it appealing for value and income-focused investors. However, the technical analysis indicates a bearish trend, which could pose short-term challenges. The absence of earnings call and corporate events data means these factors do not influence the score.
To see Spark’s full report on GB:MONY stock, click here.
More about Moneysupermarket.com
Average Trading Volume: 994,580
Technical Sentiment Signal: Sell
Current Market Cap: £991.2M
Learn more about MONY stock on TipRanks’ Stock Analysis page.