MONY’s interim results support our bullish view of its long-term attractions. These include its market-leading position, exposure to growth in switching activity, ability to deliver significant savings and strong cash generation. We have upgraded our current year adj. PBT forecast by 6% and raised our target price from to 264p to 357p. This benchmark places the group’s stock on the cusp of an Add recommendation despite a strong run. We remain Neutral for now, but suggest investors
18 Aug 2015
Strong H1
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Strong H1
Moneysupermarket.com Group plc (MONY:LON) | 212 -5.1 (-1.1%) | Mkt Cap: 1,141m
- Published:
18 Aug 2015 -
Author:
Roddy Davidson -
Pages:
5
MONY’s interim results support our bullish view of its long-term attractions. These include its market-leading position, exposure to growth in switching activity, ability to deliver significant savings and strong cash generation. We have upgraded our current year adj. PBT forecast by 6% and raised our target price from to 264p to 357p. This benchmark places the group’s stock on the cusp of an Add recommendation despite a strong run. We remain Neutral for now, but suggest investors