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

Mony Group Plc (LON:MONY)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 177.49 and traded as high as GBX 211. Mony Group shares last traded at GBX 209.16, with a volume of 700,411 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price objective on Mony Group from GBX 275 to GBX 250 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 243.33.

Mony Group Price Performance

The stock has a market capitalization of £1.06 billion, a P/E ratio of 13.22, a PEG ratio of 1.20 and a beta of 0.98. The business has a fifty day simple moving average of GBX 197.49 and a 200-day simple moving average of GBX 177.74. The company has a debt-to-equity ratio of 22.84, a quick ratio of 0.70 and a current ratio of 1.33.

Mony Group (LON:MONY) last released its quarterly earnings data on Tuesday, July 21st. The company reported GBX 9.70 earnings per share for the quarter. Mony Group had a net margin of 18.25% and a return on equity of 37.46%. Sell-side analysts expect that Mony Group Plc will post 19.1090909 earnings per share for the current fiscal year.

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.