Morgan Sindall Group (LON:MGNS) Sets New 12-Month High - Here's What Happened

Key Points

• Morgan Sindall Group stock reached a new 52-week high of GBX 4,995 ($66.62) before closing at GBX 4,875 ($65.02), with trading volume of 42,114 shares.
• Several analysts have a positive outlook on the Company, with target prices ranging from GBX 4,800 to GBX 5,250, and an average rating of "Buy."
• The company reported a net margin of 2.82% and a return on equity of 21.60%, with an expected EPS of approximately 239 for the current fiscal year.

Morgan Sindall Group plc (LON:MGNS - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 4,995 ($66.62) and last traded at GBX 4,875 ($65.02), with a volume of 42114 shares changing hands. The stock had previously closed at GBX 4,940 ($65.88).

Wall Street Analysts Forecast Growth

Several research analysts have commented on MGNS shares. Deutsche Bank Aktiengesellschaft raised 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. Peel Hunt reiterated an "add" rating and issued a GBX 4,800 target price on shares of Morgan Sindall Group in a report on Tuesday, July 29th. Finally, Berenberg Bank raised their target price on shares of Morgan Sindall Group from GBX 5,000 to GBX 5,250 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Morgan Sindall Group presently has an average rating of "Buy" and a consensus target price of GBX 5,016.67.

Morgan Sindall Group Stock Performance

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 capitalization of £2.30 billion, a price-to-earnings ratio of 1,571.75, a PEG ratio of -68.20 and a beta of 1.31. The firm's fifty day moving average is GBX 4,409.82 and its 200 day moving average is GBX 4,095.27.

Morgan Sindall Group (LON:MGNS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported GBX 153.10 EPS for the quarter. Morgan Sindall Group had a net margin of 2.82% and a return on equity of 21.60%. On average, analysts predict that Morgan Sindall Group plc will post 238.9649924 EPS for the current fiscal year.

Insider Activity at Morgan Sindall Group

In related news, insider Kelly Gangotra purchased 660 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was 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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