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

Morgan Sindall Group plc (LON:MGNS - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,638.53 ($49.69) and traded as high as GBX 4,480 ($61.18). Morgan Sindall Group shares last traded at GBX 4,480 ($61.18), with a volume of 155,697 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 4,500 ($61.45) target price on shares of Morgan Sindall Group in a research report on Friday, May 2nd.

Morgan Sindall Group Stock Down 1.3%

The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87. The stock has a market capitalization of £2.09 billion, a P/E ratio of 16.64, a P/E/G ratio of -68.20 and a beta of 1.31. The firm has a 50-day simple moving average of GBX 3,911.79 and a 200 day simple moving average of GBX 3,635.96.

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.