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

Morgan Sindall Group plc (LON:MGNS)’s share price crossed 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.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MGNS. Berenberg Bank lifted their target price on 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. Deutsche Bank Aktiengesellschaft raised their price target 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. Finally, Peel Hunt reiterated 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 analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 5,016.67.

Morgan Sindall Group Stock Performance

The company has a market capitalization of £2.11 billion, a P/E ratio of 14.41, a PEG ratio of -68.20 and a beta of 1.31. The stock’s fifty day moving average price is GBX 4,508.94 and its 200-day moving average price is GBX 4,263.32. The company has a debt-to-equity ratio of 18.51, a quick ratio of 0.87 and a current ratio of 1.18.

Insider Transactions at Morgan Sindall Group

In other 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. 13.99% of the stock is owned by corporate insiders.

About Morgan Sindall Group

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.