Morgan Sindall Group (LON:MGNS) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Morgan Sindall Group plc (LON:MGNS) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,263.32 and traded as high as GBX 4,570. Morgan Sindall Group shares last traded at GBX 4,485, with a volume of 989,085 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on MGNS. Peel Hunt restated an “add” rating and set a GBX 4,800 price target on shares of Morgan Sindall Group in a research report on Tuesday, July 29th. Berenberg Bank upped their target price on shares of Morgan Sindall Group from GBX 5,000 to GBX 5,250 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of 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. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 5,016.67.

Morgan Sindall Group Trading Down 2.2%

The firm has a market capitalization of £2.06 billion, a P/E ratio of 14.10, a PEG ratio of -68.20 and a beta of 1.31. The business’s 50 day moving average is GBX 4,513.10 and its two-hundred day moving average is GBX 4,275.53. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 18.51.

Insider Activity at Morgan Sindall Group

In other Morgan Sindall Group news, insider John Christopher Morgan sold 28,458 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of GBX 4,950, for a total transaction of £1,408,671. 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.