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Home / Stocks and Markets at Lows / Moneysupermarket.com PLC (MONY.L) 16-12-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Moneysupermarket.com PLC (MONY.L) 16-12-19

Shares in Moneysupermarket.com PLC (MONY.L) have fallen dramatically from recent highs of 417.7p. Will it continue, or is this an opportunity to pick up a bargain?

 

  • Now trading at 320.5p (at time of writing). A return to previous highs would represent a rise of 30%.
  • This stock is one of the most significant fallers in the period.
  • Is the trend your friend, or is a bounce imminent?
  • The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
  • Shares -23% from 12-month highs; +20% from 12 month lows.

Latest News

04 Dec:  RBC Capital Markets has downgraded its rating on Moneysupermarket.com Group (MONY) to underperform (from sector performer) and reduced the target price to 300p  (from 350p).

18 Oct:  Barclays Capital reiterates its equal weight rating on Moneysupermarket.com Group (MONY) and reduced the target price to 365p (from 375p).

19 Jul:  UBS reiterates its buy rating on Moneysupermarket.com Group (MONY) and increased the target price to 430p (from 415p).

18 Jul:  Peel Hunt has downgraded its rating on Moneysupermarket.com Group (MONY) to hold (from add).

18 Jul:  Moneysupermarket.com posted a 15% improvement in revenues for the first half, with its ‘Reinvent’ initiative boosting growth in new and existing markets.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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