Morgan Sindall Group (LON:MGNS) Reaches New 12-Month High - What's Next?

Key Points

• Shares of Morgan Sindall Group plc reached a new 52-week high at GBX 4,945 ($66.47) during trading on Friday, showing significant price movement from its previous close of GBX 4,375 ($58.81).
• Several analysts have rated the stock as a strong buy, with price targets ranging from GBX 4,800 to GBX 5,000, reflecting optimism about the company's future performance.
• Insider buying activity was noted, with insider Kelly Gangotra acquiring 660 shares at an average cost of GBX 4,510, indicating confidence in the company's stock.

Shares of Morgan Sindall Group plc (LON:MGNS - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as GBX 4,945 ($66.47) and last traded at GBX 4,875 ($65.53), with a volume of 525524 shares traded. The stock had previously closed at GBX 4,375 ($58.81).

Analyst Upgrades and Downgrades

MGNS has been the topic of a number of recent analyst reports. Peel Hunt restated an "add" rating and set a GBX 4,800 price target on shares of Morgan Sindall Group in a research report on Tuesday, July 29th. Berenberg Bank reiterated a "buy" rating and issued a GBX 5,000 target price on shares of Morgan Sindall Group in a report on Monday, September 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Morgan Sindall Group from GBX 4,600 to GBX 5,000 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of GBX 4,933.33.

Morgan Sindall Group Price Performance

The stock's fifty day moving average price is GBX 4,357.62 and its 200-day moving average price is GBX 3,997.01. 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 has a market cap of £2.32 billion, a price-to-earnings ratio of 1,586.23, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31.

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%. Equities research analysts predict that Morgan Sindall Group plc will post 238.9649924 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Kelly Gangotra acquired 660 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of GBX 4,510 per share, with a total value of £29,766. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.