ShoreCap stays at 'buy' on Moneysupermarket.com after 1H figures

(Sharecast News) - Analysts at ShoreCap reiterated their 'buy' recommendation on shares of Moneysupermarket.com on the back of the price comparison website's fist half figures. Aside from "gently exceeding" the consensus, the results had called attention to ongoing progress in new product development, technology investment and on advancing initiatives to boost customer retention and cross-selling.

As a result, the analysts had bumped up their estimate for full-year 2023 earnings per share by 5% and raised their 'fair value' estimate to 349.0p.