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Moneysupermarket.com ( (GB:MONY) ) has issued an update.
MONY Group PLC, a company operating in the financial sector, has executed a share buyback program by purchasing 81,205 of its ordinary shares through Morgan Stanley & Co. International Plc on the London Stock Exchange. The company plans to cancel these 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 £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: 1,011,289
Technical Sentiment Signal: Strong Sell
Current Market Cap: £966.8M
For an in-depth examination of MONY stock, go to TipRanks’ Overview page.