MONY Group PLC Repurchases and Cancels Shares

Moneysupermarket.com ( (GB:MONY) ) just unveiled an announcement.

MONY Group PLC, a company involved in financial transactions, has announced the repurchase of 68,983 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities, with Morgan Stanley & Co. International Plc facilitating the purchase. The shares were bought at prices ranging from 215.2000 to 218.2000 pence, with an average price of 217.2700 pence per share, and MONY intends to cancel the purchased shares, which may impact its share capital structure and market perception.

The most recent analyst rating on (GB:MONY) stock is a Buy with a £2.85 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 positioned strongly with robust financial performance, positive technical indicators, and attractive valuation metrics. The company’s strategic initiatives, including share buybacks, further boost shareholder value, making it an appealing investment option.

To see Spark’s full report on GB:MONY stock, click here.

More about Moneysupermarket.com

Average Trading Volume: 988,817

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.14B

Find detailed analytics on MONY stock on TipRanks’ Stock Analysis page.