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An update from Moneysupermarket.com ( (GB:MONY) ) is now available.
MONY Group PLC, a company involved in financial transactions, has announced the purchase of 67,539 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities from Morgan Stanley & Co. International Plc. This buyback, executed at a volume-weighted average price of 221.9200 pence per share, is part of a previously announced plan from February 2025. The company intends to cancel the purchased shares, which could potentially impact its share value and market perception by reducing the number of shares in circulation.
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 has a strong financial performance with effective cash flow management and robust margins. Technical indicators suggest stability, while a fair valuation coupled with a solid dividend yield enhances attractiveness. The strategic share buybacks are a positive corporate event, reflecting management’s confidence in future performance.
To see Spark’s full report on GB:MONY stock, click here.
More about Moneysupermarket.com
Average Trading Volume: 857,496
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.17B
For detailed information about MONY stock, go to TipRanks’ Stock Analysis page.