Berenberg Bank Raises Price Target for Mony Group

Berenberg Bank has revised its price target on shares of Mony Group (LON:MONY) from GBX 290 ($3.66) to GBX 300 ($3.79). This adjustment was announced in a research note published on Monday, where the bank also maintained a "buy" rating for the stock. The new price target indicates a potential upside of 50.00% from the company's prior closing price.

Mony Group Stock Performance

On Monday, Mony Group's shares saw a slight increase, trading up by 0.7%. The stock rose by GBX 1.30 ($0.02), reaching GBX 200 ($2.52). During the trading day, the company recorded a volume of 1,739,043 shares, which is lower than its average volume of 2,538,803 shares. Mony Group boasts a market capitalization of £1.07 billion, a price-to-earnings (P/E) ratio of 14.00, and a P/E growth (P/E/G) ratio of 1.20. The firm's beta stands at 0.67, showcasing its relative stability compared to the market. Over the past year, shares of Mony Group have fluctuated, hitting a low of GBX 179.20 ($2.26) and a high of GBX 255.40 ($3.22). Financial metrics also reveal a debt-to-equity ratio of 32.86, a current ratio of 0.82, and a quick ratio of 0.71. Furthermore, the stock's 50-day moving average is currently at GBX 190.44, while its 200-day moving average is at GBX 199.75.

Recent Earnings Reports

Mony Group recently disclosed its quarterly earnings results on February 17th. The company reported earnings per share of GBX 17.10 ($0.22) for that quarter. These figures indicate a net margin of 17.25% along with a strong return on equity of 34.74%. Analysts have forecast that Mony Group will achieve earnings of 19.11 ($0.25) per share for the current financial year.

Insider Transactions

In other developments, insider Rakesh Sharma made a purchase of 5,030 shares of Mony Group's stock on the same day the earnings results were announced. The shares were bought at an average price of GBX 199 ($2.51) each, amounting to a total investment of £10,009.70 ($12,628.94). Over the last three months, insiders have collectively acquired 5,186 shares of company stock worth approximately $1,030,922. Insider ownership remains at 9.15% of the total stock.

Mony Group Overview

Mony Group PLC is recognized as a solid member of the FTSE 250 index. The company operates a technology-driven savings platform and is known for its prominent UK brands, including price comparison site MoneySuperMarket, cashback service Quidco, and finance content platform MoneySavingExpert. The group engages in various sectors such as insurance, finance, home services, and travel.

Mony, Berenberg, Stocks