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Moneysupermarket.com ( (GB:MONY) ) just unveiled an announcement.
MONY Group PLC, a company involved in financial transactions, has announced the repurchase of 77,138 of its ordinary shares from Morgan Stanley & Co. International Plc on the London Stock Exchange and Multilateral Trading Facilities. This transaction, part of a previously announced buyback program, saw shares purchased at a volume-weighted average price of 194.2200 pence per share. The company plans to cancel the purchased shares, which may impact its share capital structure and potentially enhance shareholder value.
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: 1,044,366
Technical Sentiment Signal: Sell
Current Market Cap: £1.02B
See more insights into MONY stock on TipRanks’ Stock Analysis page.