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Morgan Sindall Group (LON:MGNS) Hits New 52-Week High - What's Next?

Morgan Sindall Group logo with Industrials background

Morgan Sindall Group plc (LON:MGNS - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 4,750 ($64.56) and last traded at GBX 4,500 ($61.16), with a volume of 7145 shares. The stock had previously closed at GBX 4,550 ($61.84).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 4,500 ($61.16) target price on shares of Morgan Sindall Group in a research report on Friday, May 2nd.

Read Our Latest Research Report on Morgan Sindall Group

Morgan Sindall Group Stock Performance

The stock has a 50 day simple moving average of GBX 3,971.56 and a two-hundred day simple moving average of GBX 3,651.78. The company has a market capitalization of £2.14 billion, a price-to-earnings ratio of 17.03, a PEG ratio of -68.20 and a beta of 1.31. The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87.

Morgan Sindall Group Company Profile

(Get Free Report)

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.

Further Reading

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