Mony Group (LON:MONY) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Mony Group Plc (LON:MONY)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 173.58 and traded as high as GBX 186.10. Mony Group shares last traded at GBX 182.80, with a volume of 739,847 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of Mony Group to a “buy” rating and boosted their price target for the company from GBX 205 to GBX 230 in a report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 260.

Mony Group Stock Performance

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 stock has a market cap of £945.89 million, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 1.20 and a beta of 0.98. The firm’s 50-day moving average is GBX 172.48 and its two-hundred day moving average is GBX 173.58.

Insider Buying and Selling at Mony Group

In other news, insider Peter Duffy sold 12,118 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of GBX 165, for a total transaction of £19,994.70. In the last quarter, insiders have acquired 24,361 shares of company stock worth $4,020,902. 7.89% of the stock is currently owned by company 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.