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MONY Group PLC Repurchases and Cancels Shares

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MONY Group PLC Repurchases and Cancels Shares

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Moneysupermarket.com ( (GB:MONY) ) has provided an announcement.

MONY Group PLC, a company involved in financial transactions, announced the repurchase of 75,334 of its ordinary shares from Morgan Stanley & Co. International Plc on the London Stock Exchange and Multilateral Trading Facilities. The shares were bought at prices ranging from 197.9000 to 201.0000 pence, with a volume-weighted average price of 199.1000 pence. MONY plans to cancel the purchased shares, which may impact its share capital structure and potentially influence shareholder value.

The most recent analyst rating on (GB:MONY) stock is a Buy with a £2.80 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 Neutral.

Moneysupermarket.com is in a strong financial position with effective management of resources and risks, supported by a solid balance sheet and strong cash flow generation. However, the technical analysis shows short-term bearish signals, and the valuation highlights a potential anomaly in the dividend yield. Positive corporate events, particularly share buybacks, reflect management’s confidence in future growth, supporting an overall positive outlook despite some challenges.

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

More about Moneysupermarket.com

Average Trading Volume: 996,264

Technical Sentiment Signal: Hold

Current Market Cap: £1.07B

Learn more about MONY stock on TipRanks’ Stock Analysis page.

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