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Morgan Sindall Group (LON:MGNS) Shares Pass Above 200-Day Moving Average - Here's What Happened

Morgan Sindall Group logo with Industrials background

Shares of Morgan Sindall Group plc (LON:MGNS - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,578.89 ($48.32) and traded as high as GBX 3,830 ($51.71). Morgan Sindall Group shares last traded at GBX 3,805 ($51.37), with a volume of 71,946 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 4,500 ($60.75) price objective on shares of Morgan Sindall Group in a research note on Friday, May 2nd.

Read Our Latest Stock Report on MGNS

Morgan Sindall Group Stock Performance

The firm's fifty day moving average is GBX 3,570.32 and its 200 day moving average is GBX 3,578.89. The firm has a market capitalization of £1.80 billion, a price-to-earnings ratio of 14.38, a PEG ratio of -68.20 and a beta of 1.31. The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87.

Morgan Sindall Group Company Profile

(Get Free Report)

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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