Morgan Sindall Group plc (LON:MGNS) Insider Kelly Gangotra Purchases 660 Shares

Key Points

• Insider Kelly Gangotra purchased 660 shares of Morgan Sindall Group plc at an average price of GBX 4,510, totaling around £29,766.
• The company's stock increased by 1.0% to GBX 4,555, with a market cap of £2.15 billion and a PE ratio of 17.14.
• Equities analysts have shown strong confidence, with target prices raised to GBX 5,000 from various firms, maintaining a "buy" rating for Morgan Sindall Group.

Morgan Sindall Group plc (LON:MGNS - Get Free Report) insider Kelly Gangotra acquired 660 shares of the stock in a transaction dated Monday, August 4th. The shares were purchased at an average cost of GBX 4,510 ($59.97) per share, with a total value of £29,766 ($39,577.18).

Morgan Sindall Group Stock Down 1.0%

Shares of LON MGNS traded down GBX 45 ($0.60) on Wednesday, reaching GBX 4,460 ($59.30). 22,322 shares of the company's stock traded hands, compared to its average volume of 159,360. The company has a market cap of £2.11 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 18.51. The business's 50 day simple moving average is GBX 4,317.22 and its two-hundred day simple moving average is GBX 3,755.60. Morgan Sindall Group plc has a 12 month low of GBX 2,700 ($35.90) and a 12 month high of GBX 4,875 ($64.82).

Morgan Sindall Group (LON:MGNS - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported GBX 153.10 ($2.04) EPS for the quarter. Morgan Sindall Group had a return on equity of 21.60% and a net margin of 2.82%. As a group, equities research analysts forecast that Morgan Sindall Group plc will post 238.9649924 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Berenberg Bank reissued a "buy" rating and issued a GBX 5,000 ($66.48) price target on shares of Morgan Sindall Group in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Morgan Sindall Group from GBX 4,600 ($61.16) to GBX 5,000 ($66.48) and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Finally, Peel Hunt reissued an "add" rating and issued a GBX 4,800 ($63.82) price target on shares of Morgan Sindall Group in a research note on Tuesday, July 29th.

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.