Shore Capital Reaffirms Buy Rating for Mony Group (LON:MONY)

Shore Capital reaffirmed their buy rating on shares of Mony Group (LON:MONY) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports.

Separately, Berenberg Bank reissued a buy rating and set a GBX 295 ($3.82) price target on shares of Mony Group in a research report on Tuesday, April 16th.

Mony Group Trading Up 1.8 %

LON MONY opened at GBX 225.40 ($2.92) on Thursday. The stock’s 50 day moving average is GBX 227.65 and its 200 day moving average is GBX 233.24. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 26.49. The firm has a market capitalization of £1.21 billion, a PE ratio of 1,733.85, a P/E/G ratio of 1.20 and a beta of 0.69. Mony Group has a twelve month low of GBX 207.60 ($2.68) and a twelve month high of GBX 288.80 ($3.74).

Mony Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, September 9th. Stockholders of record on Thursday, August 1st will be issued a dividend of GBX 3.30 ($0.04) per share. The ex-dividend date is Thursday, August 1st. This represents a dividend yield of 1.45%. Mony Group’s payout ratio is presently 9,230.77%.

Insider Buying and Selling

In other news, insider Rakesh Sharma bought 9,202 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were purchased at an average price of GBX 217 ($2.81) per share, for a total transaction of £19,968.34 ($25,825.58). In other Mony Group news, insider Jonathan Bewes purchased 10,000 shares of the stock in a transaction dated Wednesday, July 24th. The shares were purchased at an average cost of GBX 224 ($2.90) per share, with a total value of £22,400 ($28,970.51). Also, insider Rakesh Sharma acquired 9,202 shares of Mony Group stock in a transaction that occurred on Monday, April 29th. The stock was acquired at an average price of GBX 217 ($2.81) per share, with a total value of £19,968.34 ($25,825.58). Insiders have bought a total of 19,333 shares of company stock worth $4,266,766 in the last quarter. Corporate insiders own 9.10% of the company’s stock.

Mony Group Company Profile

Mony Group Plc, together with its subsidiaries, provides price comparison and lead generation services through its websites in the United Kingdom. The company operates through Insurance, Money, Home Services, Travel, and Cashback segments. It offers MoneySuperMarket, a price comparison site, which provides online and app-based tools to help people save money on their household bills; MoneySavingExpert, a consumer finance website; Quidco, a cashback site; TravelSupermarket for comparing prices on a range of holiday options, including package holidays and hotels, low-cost and charter airlines, and car hire providers; icelolly.com, a holiday comparison and deals site; and Decision Tech, a price comparison platform.