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Moneysupermarket.com ( (GB:MONY) ) just unveiled an update.
MONY Group PLC, a company involved in financial transactions, has announced the repurchase of 75,097 of its ordinary shares from Morgan Stanley & Co. International Plc on the London Stock Exchange. This buyback, executed at an average price of 199.5800 pence per share, is part of a previously announced plan and the company intends to cancel these shares, potentially impacting its share capital structure and market valuation.
The most recent analyst rating on (GB:MONY) stock is a Buy with a £224.00 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 is in a strong financial position with robust cash flow and effective debt management, contributing significantly to its overall score. The valuation is attractive, with a reasonable P/E ratio and a high dividend yield, making it appealing for income-focused investors. However, technical indicators suggest mixed market sentiment, which could pose short-term challenges.
To see Spark’s full report on GB:MONY stock, click here.
More about Moneysupermarket.com
Average Trading Volume: 990,753
Technical Sentiment Signal: Sell
Current Market Cap: £1.05B
Learn more about MONY stock on TipRanks’ Stock Analysis page.