Morgan Sindall Group (LON:MGNS) Sets New 1-Year High – What’s Next?

Morgan Sindall Group plc (LON:MGNS) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 4,995 and last traded at GBX 4,950, with a volume of 10265 shares trading hands. The stock had previously closed at GBX 4,960.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised 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 research note on Thursday, October 2nd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Morgan Sindall Group presently has a consensus rating of “Buy” and an average price target of GBX 5,016.67.

Morgan Sindall Group Stock Up 0.1%

The company has a market cap of £2.33 billion, a P/E ratio of 15.97, a P/E/G ratio of -68.20 and a beta of 1.31. The company’s 50-day moving average is GBX 4,661.43 and its two-hundred day moving average is GBX 4,560.52. The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87.

Insider Buying and Selling at Morgan Sindall Group

In other Morgan Sindall Group news, insider Mark Robson purchased 116 shares of the 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 £5,163.16. 13.99% of the stock is owned by corporate 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.