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MONY Group PLC Buys Back Shares for Cancellation

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MONY Group PLC Buys Back Shares for Cancellation

Meet Your ETF AI Analyst

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

MONY Group PLC, a company engaged in financial transactions, announced the purchase of 76,567 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities. The shares were acquired from Morgan Stanley & Co. International Plc, following instructions issued earlier in the year. The company plans to cancel the purchased shares, which 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: 981,784

Technical Sentiment Signal: Sell

Current Market Cap: £1.02B

See more data about MONY stock on TipRanks’ Stock Analysis page.

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