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MONY Group PLC Buys Back Shares for Cancellation

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MONY Group PLC Buys Back Shares for Cancellation

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Moneysupermarket.com ( (GB:MONY) ) has issued an update.

MONY Group PLC, a company involved in financial transactions, has announced the purchase of 68,734 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 217.6000 to 219.2000 pence, with a volume-weighted average price of 218.2300 pence per share. MONY intends to cancel these purchased shares, which could potentially impact the company’s share value and market perception.

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 Outperform.

Moneysupermarket.com demonstrates robust financial performance and strong technical indicators, contributing significantly to its overall score. While valuation metrics are supportive, they are less influential compared to the company’s financial and technical strength. Recent strategic share buybacks further bolster the stock’s appeal, enhancing shareholder value.

To see Spark’s full report on GB:MONY stock, click here.

More about Moneysupermarket.com

Average Trading Volume: 957,516

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.17B

Find detailed analytics on MONY stock on TipRanks’ Stock Analysis page.

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