Morgan Sindall Group's (MGNS) "Add" Rating Reaffirmed at Peel Hunt

Key Points

• Peel Hunt has reaffirmed an "add" rating for Morgan Sindall Group with a target price of GBX 4,800 ($64.13), indicating a potential upside of 3.67% from the current stock price.
• Berenberg Bank also maintains a "buy" rating for the company, setting a lower target price of GBX 4,500 ($60.12) on their shares.
• Morgan Sindall Group reported a quarterly earnings per share (EPS) of GBX 153.10 ($2.05) with a strong return on equity of 21.60% and a total revenue of £4.5bn for the full year 2024.

Peel Hunt reiterated their add rating on shares of Morgan Sindall Group (LON:MGNS - Free Report) in a research report sent to investors on Tuesday, Marketbeat reports. They currently have a GBX 4,800 ($63.64) price objective on the stock.

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 4,500 ($59.67) price target on shares of Morgan Sindall Group in a research report on Friday, May 2nd.

Morgan Sindall Group Price Performance

Shares of Morgan Sindall Group stock traded up GBX 45 ($0.60) during trading on Tuesday, hitting GBX 4,655 ($61.72). 115,943 shares of the company's stock traded hands, compared to its average volume of 159,643. The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87. The firm's fifty day moving average price is GBX 4,258.96 and its 200 day moving average price is GBX 3,731.06. Morgan Sindall Group has a twelve month low of GBX 2,585 ($34.27) and a twelve month high of GBX 4,875 ($64.64). The company has a market cap of £2.20 billion, a PE ratio of 17.52, a PEG ratio of -68.20 and a beta of 1.31.

Morgan Sindall Group (LON:MGNS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported GBX 153.10 ($2.03) earnings per share for the quarter. Morgan Sindall Group had a net margin of 2.82% and a return on equity of 21.60%. Analysts forecast that Morgan Sindall Group will post 238.9649924 earnings per share for the current year.

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.