Morgan Sindall Group (LON:MGNS) Shares Cross Above 200-Day Moving Average - Here's Why

Morgan Sindall Group plc (LON:MGNS - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,680.78 ($49.37) and traded as high as GBX 4,680 ($62.78). Morgan Sindall Group shares last traded at GBX 4,600 ($61.70), with a volume of 108,985 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and set a GBX 4,500 ($60.36) price objective on shares of Morgan Sindall Group in a research note on Friday, May 2nd.

Morgan Sindall Group Stock Performance

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 business's 50 day moving average is GBX 4,111.86 and its two-hundred day moving average is GBX 3,683.24. The company has a market cap of £2.21 billion, a PE ratio of 17.58, a PEG ratio of -68.20 and a beta of 1.31.

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.