Morgan Sindall Group (LON:MGNS) Hits New 52-Week High - Time to Buy?

Shares of Morgan Sindall Group plc (LON:MGNS - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 4,665 ($63.50) and last traded at GBX 4,480 ($60.98), with a volume of 155697 shares. The stock had previously closed at GBX 4,395 ($59.82).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 4,500 ($61.25) target price on shares of Morgan Sindall Group in a research report on Friday, May 2nd.

Morgan Sindall Group Stock Up 0.2%

The business has a 50-day simple moving average of GBX 3,931.34 and a two-hundred day simple moving average of GBX 3,639.84. 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 stock has a market capitalization of £2.09 billion, a P/E ratio of 16.67, a PEG ratio of -68.20 and a beta of 1.31.

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.