Morgan Sindall Group (LON:MGNS) Price Target Raised to GBX 5,250

Key Points

• Berenberg Bank has raised the price target for Morgan Sindall Group (LON:MGNS) from GBX 5,000 to GBX 5,250, indicating a potential upside of 5.95% from the current price.
• The company recently reported earnings of GBX 153.10 EPS for the quarter, with a net margin of 2.82% and a return on equity of 21.60%.
• Insider Kelly Gangotra purchased 660 shares at an average cost of GBX 4,510, reflecting confidence in the company as corporate insiders own 13.96% of the stock.

Morgan Sindall Group (LON:MGNS - Get Free Report) had its price objective upped by research analysts at Berenberg Bank from GBX 5,000 to GBX 5,250 in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price target suggests a potential upside of 5.95% from the stock's current price.

A number of other equities research analysts also recently issued reports on MGNS. Peel Hunt reaffirmed an "add" rating and set a GBX 4,800 price target on shares of Morgan Sindall Group in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Morgan Sindall Group from GBX 4,600 to GBX 5,000 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of GBX 5,016.67.

Morgan Sindall Group Price Performance

Morgan Sindall Group stock opened at GBX 4,955 on Thursday. The company has a market cap of £2.33 billion, a price-to-earnings ratio of 1,594.27, a PEG ratio of -68.20 and a beta of 1.31. The firm's fifty day moving average is GBX 4,357.62 and its 200 day moving average is GBX 3,997.01. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 18.51. Morgan Sindall Group has a 52-week low of GBX 2,900 and a 52-week high of GBX 4,965.

Morgan Sindall Group (LON:MGNS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported GBX 153.10 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%. Sell-side analysts forecast that Morgan Sindall Group will post 238.9649924 EPS for the current fiscal year.

Insider Buying and Selling at Morgan Sindall Group

In other news, insider Kelly Gangotra purchased 660 shares of the stock in a transaction dated Monday, August 4th. The shares were acquired at an average cost of GBX 4,510 per share, for a total transaction of £29,766. Corporate insiders own 13.96% of the company's stock.

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.

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