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Moneysupermarket.com ( (GB:MONY) ) has issued an announcement.
MONY Group PLC, a company involved in financial transactions, announced the repurchase of 76,346 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities. The shares were bought from Morgan Stanley & Co. International Plc at a volume-weighted average price of 196.3600 pence per share. This move is part of MONY’s strategy to manage its share capital, as the company intends to cancel the purchased shares, potentially impacting its share value and benefiting its stakeholders.
The most recent analyst rating on (GB:MONY) stock is a Buy with a £219.00 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, contributing significantly to its overall score. The attractive valuation with a low P/E ratio and high dividend yield further supports the stock’s appeal. However, mixed technical indicators suggest potential 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: 1,054,912
Technical Sentiment Signal: Sell
Current Market Cap: £1.03B
See more insights into MONY stock on TipRanks’ Stock Analysis page.