MoneySuperMarket share price: what to expect from its half-year results
The price comparison site saw its share price edge higher on Thursday after Librium Capital upgraded its target price for the stock ahead of its half-year results.
When is MoneySuperMarket’s results date?
Moneysupermarket.com will unveil its half-year results on July 18.
MoneySuperMarket‘s results preview: what does the City expect?
MoneySuperMarket saw its share price edge higher ahead of its half-year results on Thursday after analysts at Librium Capital reiterated its ‘Buy’ rating for the stock and increased its target price to 570p a share.
The price comparison site’s share price sits at 410p a share as of 14:50 GMT on Thursday.
The company has a price-to-earnings ratio of 25.27, suggesting that investors have high expectations for the business in the months ahead
MoneySuperMarket had a strong start to the new year, with generating £105 million in revenue, up from £88.3 million in the same period a year prior.
Its performance was driven primarily by motor insurance, which benefitted from improved conversion, but was partially offset by subdued trading in life insurance as competitors spent more on customer incentives.
‘The reinvent strategy continues with a strong first quarter of trading, notably helping a record number of customers beat the rising energy price cap,’ Moneysupermarket.com Group CEO Mark Lewis said.
‘MoneySuperMarket innovation continues, we have new branding and advertising to remind everyone how we can help them with their finances and ‘get money calm’ and new products like Credit Monitor are on the site.”
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
See an opportunity to trade?
Go long or short on more than 17,000 markets with IG.
Trade CFDs on our award-winning platform, with low spreads on indices, shares, commodities and more.
Live prices on most popular markets