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.”
Practice trading MoneySuperMarket and other UK stocks with an IG Demo Account.
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