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Moneysupermarket.com ( (GB:MONY) ) has shared an update.
MONY Group PLC, a company involved in financial transactions, has announced the purchase of 74,600 of its own ordinary shares on the London Stock Exchange and Multilateral Trading Facilities. The shares were bought from Morgan Stanley & Co. International Plc, with the highest price paid per share being 202.4 pence and the lowest at 199.4 pence. The average price was 200.59 pence. This move indicates MONY’s strategy to manage its share capital, as the company plans to cancel the purchased shares, potentially impacting its share value and benefiting existing shareholders.
The most recent analyst rating on (GB:MONY) stock is a Buy with a £226.00 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 effective management of resources and risks, which is the most significant factor in its overall score. The stock’s valuation is attractive, with a low P/E ratio and high dividend yield. However, technical indicators suggest some short-term weakness, which slightly offsets the positive financial and valuation aspects.
To see Spark’s full report on GB:MONY stock, click here.
More about Moneysupermarket.com
Average Trading Volume: 973,861
Technical Sentiment Signal: Hold
Current Market Cap: £1.06B
For detailed information about MONY stock, go to TipRanks’ Stock Analysis page.