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An announcement from Moneysupermarket.com ( (GB:MONY) ) is now available.
MONY Group PLC, a financial services company, has announced the repurchase of 75,025 of its ordinary shares from Morgan Stanley & Co. International Plc on the London Stock Exchange. The shares were bought at a volume-weighted average price of 199.7500 pence per share, with the highest price at 201.0000 pence and the lowest at 198.4000 pence. This move is part of MONY’s strategy to manage its capital structure and 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 £224.00 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 robust cash flow and effective debt management, contributing significantly to its overall score. The valuation is attractive, with a reasonable P/E ratio and a high dividend yield, making it appealing for income-focused investors. However, technical indicators suggest mixed market sentiment, which could pose short-term challenges.
To see Spark’s full report on GB:MONY stock, click here.
More about Moneysupermarket.com
Average Trading Volume: 992,822
Technical Sentiment Signal: Hold
Current Market Cap: £1.06B
See more insights into MONY stock on TipRanks’ Stock Analysis page.