Morgan Sindall Group plc (LON:MGNS) Insider Purchases £29,766 in Stock

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 bought 660 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average cost of GBX 4,510 ($60.65) per share, with a total value of £29,766 ($40,029.59).

Morgan Sindall Group Stock Up 0.4%

Morgan Sindall Group stock traded up GBX 20 ($0.27) during trading on Friday, hitting GBX 4,550 ($61.19). 14,184 shares of the company were exchanged, compared to its average volume of 157,941. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 18.51. The business's 50 day moving average is GBX 4,343.46 and its 200 day moving average is GBX 3,766.30. Morgan Sindall Group plc has a 52 week low of GBX 2,805 ($37.72) and a 52 week high of GBX 4,875 ($65.56). The company has a market capitalization of £2.15 billion, a P/E ratio of 17.13, a PEG ratio of -68.20 and a beta of 1.31.

Morgan Sindall Group (LON:MGNS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported GBX 153.10 ($2.06) earnings per share (EPS) for the quarter. Morgan Sindall Group had a net margin of 2.82% and a return on equity of 21.60%. Analysts predict that Morgan Sindall Group plc will post 238.9649924 earnings per share for the current year.

Analysts Set New Price Targets

MGNS has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Morgan Sindall Group from GBX 4,600 ($61.86) to GBX 5,000 ($67.24) and gave the company a "buy" rating in a research report on Tuesday, July 29th. Peel Hunt reissued an "add" rating and set a GBX 4,800 ($64.55) target price on shares of Morgan Sindall Group in a research report on Tuesday, July 29th. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 5,000 ($67.24) target price on shares of Morgan Sindall Group in a report 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.