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An announcement from Moneysupermarket.com ( (GB:MONY) ) is now available.
MONY Group PLC, a company involved in financial transactions, announced the purchase of 67,999 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities from Morgan Stanley & Co. International Plc. This transaction, executed under previously issued instructions, involved prices ranging from 219.4000 to 222.4000 pence per share, with a volume-weighted average price of 220.5800 pence. The company plans to cancel the purchased shares, a move that could potentially impact its share capital and market positioning.
The most recent analyst rating on (GB:MONY) stock is a Buy with a £2.55 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: 859,293
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.17B
Learn more about MONY stock on TipRanks’ Stock Analysis page.