MONY Group PLC Executes Share Buyback

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

MONY Group PLC, a financial entity, has executed a share buyback program by purchasing 70,435 of its ordinary shares on the London Stock Exchange and Multilateral Trading Facilities. The shares were acquired from Morgan Stanley & Co. International Plc, with the highest price paid per share being 215.2000 pence and the lowest at 210.6000 pence. The company plans to cancel the purchased shares, a move that could potentially impact its share capital and shareholder value.

The most recent analyst rating on (GB:MONY) stock is a Buy with a £2.85 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 presents a strong financial profile with robust earnings growth, effective debt management, and significant cash flow. The technical analysis indicates stable momentum, but caution is advised due to potential overbought conditions. The attractive valuation and strategic corporate actions, such as share buybacks, further bolster its appeal. Despite a slight slowdown in revenue growth, the stock offers a balanced risk-reward profile with solid strengths and manageable risks.

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

More about Moneysupermarket.com

Average Trading Volume: 1,327,777

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.15B

For a thorough assessment of MONY stock, go to TipRanks’ Stock Analysis page.