Berenberg Bank Increases Mony Group (LON:MONY) Price Target to GBX 300

Mony Group (LON:MONY) had its price target lifted by stock analysts at Berenberg Bank from GBX 290 ($3.66) to GBX 300 ($3.79) in a research note issued on Monday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 50.00% from the company’s previous close.

Mony Group Stock Up 0.7 %

Shares of Mony Group stock traded up GBX 1.30 ($0.02) on Monday, hitting GBX 200 ($2.52). The company had a trading volume of 1,739,043 shares, compared to its average volume of 2,538,803. The firm has a market capitalization of £1.07 billion, a P/E ratio of 14.00, a P/E/G ratio of 1.20 and a beta of 0.67. Mony Group has a twelve month low of GBX 179.20 ($2.26) and a twelve month high of GBX 255.40 ($3.22). The company has a debt-to-equity ratio of 32.86, a current ratio of 0.82 and a quick ratio of 0.71. The stock has a 50-day moving average of GBX 190.44 and a 200-day moving average of GBX 199.75.

Mony Group (LON:MONY) last released its quarterly earnings results on Monday, February 17th. The company reported GBX 17.10 ($0.22) earnings per share for the quarter. Mony Group had a net margin of 17.25% and a return on equity of 34.74%. Research analysts predict that Mony Group will post 19.1090909 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Rakesh Sharma purchased 5,030 shares of the company’s stock in a transaction on Monday, February 17th. The shares were purchased at an average cost of GBX 199 ($2.51) per share, with a total value of £10,009.70 ($12,628.94). Over the last 90 days, insiders acquired 5,186 shares of company stock worth $1,030,922. 9.15% of the stock is owned by 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.