Morgan Sindall Group (LON:MGNS) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Morgan Sindall Group plc (LON:MGNS) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,578.37 and traded as high as GBX 4,950. Morgan Sindall Group shares last traded at GBX 4,890, with a volume of 46,958 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their price objective on shares of Morgan Sindall Group from GBX 5,000 to GBX 5,250 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 5,016.67.

Morgan Sindall Group Stock Performance

The company has a debt-to-equity ratio of 18.51, a quick ratio of 0.87 and a current ratio of 1.18. The company has a market capitalization of £2.30 billion, a PE ratio of 15.73, a PEG ratio of -68.20 and a beta of 1.31. The business’s 50-day moving average is GBX 4,717.04 and its 200-day moving average is GBX 4,579.19.

Insider Buying and Selling

In related news, insider Mark Robson bought 25 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average cost of GBX 4,451 per share, with a total value of £1,112.75. 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.