Morgan Sindall Group (LON:MGNS) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Morgan Sindall Group (LON:MGNS) in a report published on Monday morning,London Stock Exchange reports. Berenberg Bank currently has a GBX 5,000 price objective on the stock.

MGNS has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft increased their price objective on Morgan Sindall Group from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Peel Hunt reissued an “add” rating and set a GBX 4,800 price objective on shares of Morgan Sindall Group in a research note on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 4,933.33.

Morgan Sindall Group Price Performance

LON MGNS traded down GBX 65 on Monday, reaching GBX 4,105. 60,636 shares of the company’s stock traded hands, compared to its average volume of 160,132. Morgan Sindall Group has a 12 month low of GBX 2,865 and a 12 month high of GBX 4,875. The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87. The stock has a 50-day simple moving average of GBX 4,451.70 and a 200 day simple moving average of GBX 3,868.97. The stock has a market cap of £1.93 billion, a PE ratio of 1,320.79, a P/E/G ratio of -68.20 and a beta of 1.31.

Morgan Sindall Group (LON:MGNS) last issued its quarterly earnings results on Tuesday, July 29th. The company reported GBX 153.10 EPS for the quarter. Morgan Sindall Group had a net margin of 2.82% and a return on equity of 21.60%. As a group, research analysts predict that Morgan Sindall Group will post 238.9649924 earnings per share for the current year.

Insider Buying and Selling

In other Morgan Sindall Group news, insider Kelly Gangotra purchased 660 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average price of GBX 4,510 per share, with a total value of £29,766. 13.96% of the stock is owned by insiders.

Morgan Sindall Group Company Profile

Morgan Sindall Group plc, the Partnerships, Fit Out and Construction Services Group, reported an annual revenue of £4.5bn in the full year 2024. The Group employs over 8,000 employees and operates in the public, regulated and private sectors. It reports through six divisions of Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure and Property Services.