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Morgan Sindall Group (LON:MGNS) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Morgan Sindall Group logo with Industrials background

Morgan Sindall Group plc (LON:MGNS - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,578.89 ($48.59) and traded as high as GBX 3,830 ($52.00). Morgan Sindall Group shares last traded at GBX 3,805 ($51.66), with a volume of 71,946 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and set a GBX 4,500 ($61.10) price target on shares of Morgan Sindall Group in a research note on Friday, May 2nd.

Get Our Latest Stock Report on Morgan Sindall Group

Morgan Sindall Group Stock Down 1.9%

The company has a debt-to-equity ratio of 18.51, a quick ratio of 0.87 and a current ratio of 1.18. The firm's 50-day moving average is GBX 3,607.42 and its two-hundred day moving average is GBX 3,578.64. The stock has a market cap of £1.78 billion, a P/E ratio of 14.21, a PEG ratio of -68.20 and a beta of 1.31.

About Morgan Sindall Group

(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.

Further Reading

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