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An update from Moneysupermarket.com ( (GB:MONY) ) is now available.
MONY Group PLC, a company engaged in financial services, announced the repurchase of 78,959 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities. The shares were bought from Morgan Stanley & Co. International Plc at prices ranging from 189.2000 pence to 191.4000 pence, with a volume-weighted average price of 189.9600 pence per share. This transaction follows instructions issued earlier in the year and reflects MONY’s strategic decision to cancel the repurchased shares, potentially impacting its share capital structure and market perception.
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: 981,868
Technical Sentiment Signal: Sell
Current Market Cap: £1.01B
See more data about MONY stock on TipRanks’ Stock Analysis page.