Morgan Sindall Group (LON:MGNS) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Morgan Sindall Group's stock price has recently surpassed its 200-day moving average, reaching as high as GBX 4,960 ($66.24) with a current price of GBX 4,940 ($65.97).
• Analysts have set new price targets for the stock, with Berenberg Bank raising its target to GBX 5,250 and Deutsche Bank increasing theirs to GBX 5,000, both maintaining a "buy" rating.
• The company reported a net margin of 2.82% and a return on equity of 21.60% in its latest quarterly earnings, with an average analyst EPS forecast of 238.96 for the current fiscal year.

Morgan Sindall Group plc (LON:MGNS - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,074.40 ($54.41) and traded as high as GBX 4,960 ($66.24). Morgan Sindall Group shares last traded at GBX 4,940 ($65.97), with a volume of 137,628 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MGNS shares. Berenberg Bank increased their price objective on Morgan Sindall Group from GBX 5,000 to GBX 5,250 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Peel Hunt reissued an "add" rating and set a GBX 4,800 price objective on shares of Morgan Sindall Group in a research note on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on 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 company currently has an average rating of "Buy" and a consensus price target of GBX 5,016.67.

Morgan Sindall Group Stock Performance

The business has a fifty day simple moving average of GBX 4,402.04 and a 200-day simple moving average of GBX 4,074.40. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 18.51. The firm has a market cap of £2.32 billion, a P/E ratio of 1,589.45, a P/E/G ratio of -68.20 and a beta of 1.31.

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

Insider Buying and Selling at Morgan Sindall Group

In related news, insider Kelly Gangotra purchased 660 shares of Morgan Sindall Group stock in a transaction dated Monday, August 4th. The stock was purchased at an average cost of GBX 4,510 per share, for a total transaction of £29,766. 13.96% of the stock is owned by insiders.

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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