Group (LON:MONY) Stock Price Crosses Above 200 Day Moving Average of $187.76

Shares of Group PLC (LON:MONYGet Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 187.76 ($2.30) and traded as high as GBX 217.80 ($2.67). Group shares last traded at GBX 215.60 ($2.64), with a volume of 1,261,013 shares.

Wall Street Analyst Weigh In

MONY has been the subject of several research reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 275 ($3.37) target price on shares of Group in a research report on Monday, July 25th. Shore Capital reaffirmed a “buy” rating on shares of Group in a research report on Thursday, July 21st. Royal Bank of Canada raised their target price on Group from GBX 210 ($2.57) to GBX 230 ($2.82) and gave the stock a “sector perform” rating in a research report on Friday, July 22nd. Finally, Barclays raised their target price on Group from GBX 220 ($2.70) to GBX 230 ($2.82) and gave the stock an “equal weight” rating in a research report on Friday, July 22nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 265.83 ($3.26). Group Stock Performance

The company has a market capitalization of £1.16 billion and a P/E ratio of 1,960.00. The stock has a fifty day simple moving average of GBX 186.79 and a 200-day simple moving average of GBX 187.76. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 42.68. Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 2nd. Stockholders of record on Thursday, July 28th will be paid a GBX 3.10 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, July 28th. This represents a dividend yield of 1.55%. Group’s dividend payout ratio (DPR) is presently 106.45%. Group Company Profile

(Get Rating) Group PLC, together with its subsidiaries, provides price comparison website in the United Kingdom. The company operates through Insurance, Money, Home Services, Travel and Cashback segments. It offers online and app-based tools to save money on their household bills across insurance, money, and home service channels under the MoneySuperMarket brand; and compares travel deals, including holidays, car hire, flights, and hotels under the TravelSupermarket brand.

Further Reading

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