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

Morgan Sindall Group plc (LON:MGNS - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,680.78 ($49.41) and traded as high as GBX 4,680 ($62.82). Morgan Sindall Group shares last traded at GBX 4,600 ($61.74), with a volume of 108,985 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 4,500 ($60.40) price target on shares of Morgan Sindall Group in a research note on Friday, May 2nd.

Morgan Sindall Group Stock Up 1.3%

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 £2.20 billion, a PE ratio of 17.54, a P/E/G ratio of -68.20 and a beta of 1.31. The firm's 50 day moving average is GBX 4,111.86 and its 200-day moving average is GBX 3,686.02.

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.