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An announcement from Moneysupermarket.com ( (GB:MONY) ) is now available.
MONY Group PLC, a company involved in financial services, announced the repurchase of 79,741 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities. The shares were bought from Morgan Stanley & Co. International Plc at prices ranging from 187.0000 to 189.2000 pence per share, with a volume-weighted average price of 188.1000 pence. The company intends to cancel these shares, a move that could impact its share capital structure and potentially enhance shareholder value.
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: 1,046,994
Technical Sentiment Signal: Strong Sell
Current Market Cap: £977.8M
Learn more about MONY stock on TipRanks’ Stock Analysis page.