Morgan Sindall Group (LON:MGNS) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Morgan Sindall Group plc (LON:MGNS)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,328.70 and traded as high as GBX 4,420. Morgan Sindall Group shares last traded at GBX 4,400, with a volume of 139,000 shares traded.

Analysts Set New Price Targets

MGNS has been the topic of several analyst reports. Berenberg Bank lifted their target price on shares of Morgan Sindall Group from GBX 5,000 to GBX 5,250 and gave the company a “buy” rating in a report on Thursday, October 2nd. Peel Hunt reaffirmed an “add” rating and issued a GBX 4,800 price objective on shares of Morgan Sindall Group in a report on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Morgan Sindall Group from GBX 4,600 to GBX 5,000 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 5,016.67.

Morgan Sindall Group Stock Up 1.3%

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 company has a market capitalization of £2.09 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31. The firm’s 50-day simple moving average is GBX 4,561.35 and its two-hundred day simple moving average is GBX 4,328.70.

Insider Activity at Morgan Sindall Group

In related news, insider John Christopher Morgan sold 28,458 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of GBX 4,950, for a total value of £1,408,671. Also, insider Mark Robson acquired 116 shares of Morgan Sindall Group stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average cost of GBX 4,451 per share, with a total value of £5,163.16. Company insiders own 13.99% of the company’s stock.

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.