MONY Group Buys Back and Cancels 113,786 Shares

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2026.05.07 16:18
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MONY Group PLC has repurchased and canceled 113,786 ordinary shares on the London Stock Exchange as part of a buyback arrangement with Morgan Stanley. The shares were acquired at an average price of 175.77 pence. This move aims to reduce the share count, potentially enhancing earnings per share and shareholder value. Analysts rate MONY stock as a Buy with a £2.15 price target, citing strong financial performance and attractive valuation, despite some technical weaknesses.