Morgan Sindall Group (LON:MGNS) Hits New 12-Month High - Here's Why

Shares of Morgan Sindall Group plc (LON:MGNS - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 4,445 ($59.86) and last traded at GBX 4,395 ($59.18), with a volume of 2590568 shares. The stock had previously closed at GBX 3,840 ($51.71).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 4,500 ($60.60) target price on shares of Morgan Sindall Group in a research report on Friday, May 2nd.

Morgan Sindall Group Price Performance

The company has a market capitalization of £2.03 billion, a price-to-earnings ratio of 16.18, a PEG ratio of -68.20 and a beta of 1.31. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 18.51. The company's 50 day simple moving average is GBX 3,684.92 and its 200-day simple moving average is GBX 3,589.95.

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.