Mony Group (LON:MONY) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Mony Group passed above its 200-day moving average (200‑day MA GBX 176.84), trading as high as GBX 178.80 intraday before last trading at GBX 174.94, on volume of 814,101 shares — a potential bullish technical signal.
• Analysts are upbeat: Jefferies upgraded the stock to a Buy and raised its target to GBX 230, while the consensus rating is Buy with a consensus price target of GBX 260.
• The group shows solid fundamentals (market cap £919m, PE 11.59, ROE 36.01%, net margin 18.19%) and insiders have been active buyers recently (36,814 shares bought in the last 90 days), with insiders owning 7.71% of the stock.

Mony Group Plc (LON:MONY - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 176.84 and traded as high as GBX 178.80. Mony Group shares last traded at GBX 174.94, with a volume of 814,101 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised Mony Group to a "buy" rating and boosted their target price for the company from GBX 205 to GBX 230 in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 260.

Mony Group Trading Up 0.7%

The company has a market cap of £919.38 million, a PE ratio of 11.59, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91. The company has a quick ratio of 0.71, a current ratio of 1.18 and a debt-to-equity ratio of 7.86. The business has a 50-day simple moving average of GBX 163.95 and a 200-day simple moving average of GBX 176.84.

Mony Group (LON:MONY - Get Free Report) last announced its earnings results on Monday, February 23rd. The company reported GBX 15.30 earnings per share (EPS) for the quarter. Mony Group had a return on equity of 36.01% and a net margin of 18.19%. On average, analysts predict that Mony Group Plc will post 19.1090909 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Rakesh Sharma acquired 12,622 shares of the business's stock in a transaction dated Monday, February 23rd. The shares were acquired at an average price of GBX 158 per share, with a total value of £19,942.76. Also, insider Peter Duffy sold 12,118 shares of the company's stock in a transaction on Friday, April 10th. The stock was sold at an average price of GBX 165, for a total value of £19,994.70. Insiders have bought 36,814 shares of company stock worth $5,985,188 in the last ninety days. Corporate insiders own 7.71% of the company's stock.

Mony Group Company Profile

MONY Group PLC is an established member of the FTSE 250 index. The Group operates a tech-led savings platform and leading UK brands including price comparison sites (MoneySuperMarket), cashback (Quidco) and a consumer finance content led brand (MoneySavingExpert). We cover a broad range of verticals including Insurance, Money, Home Services and Travel amongst others. Our purpose is to help households save money by giving them access to free online tools that enable them to compare and switch products.

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