Mony Group (LON:MONY) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Mony Group Plc (LON:MONY)’s share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 183.87 and traded as low as GBX 173.40. Mony Group shares last traded at GBX 185.50, with a volume of 2,543,030 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price objective on shares of Mony Group from GBX 275 to GBX 250 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 243.33.

Mony Group Price Performance

The stock has a 50-day moving average price of GBX 194.35 and a 200 day moving average price of GBX 183.88. The company has a debt-to-equity ratio of 22.84, a current ratio of 1.33 and a quick ratio of 0.70. The firm has a market cap of £951.13 million, a price-to-earnings ratio of 11.92, a PEG ratio of 1.20 and a beta of 0.98.

Mony Group (LON:MONY) last announced its earnings results on Tuesday, July 21st. The company reported GBX 9.70 earnings per share (EPS) for the quarter. Mony Group had a return on equity of 37.46% and a net margin of 18.25%. As a group, equities research analysts forecast that Mony Group Plc will post 19.11 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.