Mony Group (LON:MONY) Stock Passes Above 200-Day Moving Average - Here's Why

Key Points

• Mony Group's shares crossed above their 200-day moving average (GBX 177.24), trading as high and last at GBX 182.05 on volume of 1,467,830 shares.
• Jefferies upgraded the stock to a Buy and raised its price target to GBX 230, while the consensus rating is Buy with a consensus price target of GBX 260.
• Insiders have been net buyers recently (36,814 shares bought in the last 90 days; insiders own 7.71%), and the company shows strong profitability metrics (PE 11.98, ROE 36.01%, net margin 18.19%) with a market cap of about £950m.

Mony Group Plc (LON:MONY - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 177.24 and traded as high as GBX 182.05. Mony Group shares last traded at GBX 182.05, with a volume of 1,467,830 shares traded.

Analyst Ratings Changes

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

Mony Group Trading Up 0.3%

The company has a current ratio of 1.18, a quick ratio of 0.71 and a debt-to-equity ratio of 7.86. The business has a 50 day moving average of GBX 161.52 and a 200-day moving average of GBX 177.24. The stock has a market cap of £950.18 million, a PE ratio of 11.98, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91.

Mony Group (LON:MONY - Get Free Report) last posted 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 anticipate that Mony Group Plc will post 19.1090909 EPS for the current year.

Insider Buying and Selling

In other Mony Group news, insider Rakesh Sharma purchased 12,622 shares of the business's stock in a transaction on Monday, February 23rd. The stock was bought at an average cost of GBX 158 per share, for a total transaction of £19,942.76. Also, insider Peter Duffy sold 12,118 shares of the business's stock in a transaction on Friday, April 10th. The shares were sold at an average price of GBX 165, for a total value of £19,994.70. In the last ninety days, insiders purchased 36,814 shares of company stock worth $5,985,188. 7.71% of the stock is owned by corporate insiders.

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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