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Moneysupermarket.com ( (GB:MONY) ) has shared an announcement.
MONY Group PLC, a company listed on the London Stock Exchange, has executed a share buyback program by purchasing 80,597 of its ordinary shares from Morgan Stanley & Co. International Plc. The shares were acquired at prices ranging from 184.2000 pence to 187.1000 pence, with a volume-weighted average price of 186.1100 pence per share. This transaction is part of a previously announced plan and the company intends to cancel the purchased shares, which could potentially enhance shareholder value by reducing the number of shares outstanding.
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: 1,038,243
Technical Sentiment Signal: Strong Sell
Current Market Cap: £976.9M
Find detailed analytics on MONY stock on TipRanks’ Stock Analysis page.