Mony Group (LON:MONY) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Mony Group Plc (LON:MONY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 173.85 and traded as high as GBX 181.60. Mony Group shares last traded at GBX 177.10, with a volume of 1,182,765 shares trading hands.

Analyst Ratings Changes

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

Mony Group Stock Up 0.9%

The company has a debt-to-equity ratio of 7.86, a current ratio of 1.18 and a quick ratio of 0.71. The company has a market cap of £947.28 million, a price-to-earnings ratio of 11.99, a P/E/G ratio of 1.20 and a beta of 0.98. The firm’s 50 day simple moving average is GBX 169.22 and its 200-day simple moving average is GBX 173.83.

Insiders Place Their Bets

In related news, insider Peter Duffy sold 12,118 shares of the 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 ninety days, insiders have acquired 24,361 shares of company stock worth $4,020,902. 7.71% of the stock is owned by corporate insiders.

About Mony Group

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.