Morgan Sindall Group (LON:MGNS) Stock Crosses Above 200-Day Moving Average After Insider Selling

Key Points

• Morgan Sindall Group's stock price crossed above its 200-day moving average of GBX 4,152.75 after insider buying activity, reaching as high as GBX 4,785 during trading.
• Analysts have recently increased their price targets for Morgan Sindall Group, with Deutsche Bank raising its target from GBX 4,600 to GBX 5,000 and Berenberg Bank lifting it to GBX 5,250, reflecting a generally favorable outlook.
• The company reported an EPS of GBX 153.10 for the last quarter, with expectations to post approximately GBX 238.96 EPS for the current fiscal year.

Shares of Morgan Sindall Group plc (LON:MGNS - Get Free Report) crossed above its 200-day moving average during trading on Tuesday following insider buying activity. The stock has a 200-day moving average of GBX 4,152.75 ($55.53) and traded as high as GBX 4,785 ($63.98). Morgan Sindall Group shares last traded at GBX 4,692.62 ($62.74), with a volume of 74,257 shares traded.

Analysts Set New Price Targets

MGNS has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Morgan Sindall Group from GBX 4,600 to GBX 5,000 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Peel Hunt restated an "add" rating and set a GBX 4,800 price target on shares of Morgan Sindall Group in a research report on Tuesday, July 29th. Finally, Berenberg Bank lifted their price target on Morgan Sindall Group from GBX 5,000 to GBX 5,250 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Morgan Sindall Group currently has an average rating of "Buy" and an average price target of GBX 5,016.67.

Morgan Sindall Group Stock Down 1.7%

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 company has a fifty day simple moving average of GBX 4,443.34 and a 200 day simple moving average of GBX 4,152.75. The firm has a market capitalization of £2.21 billion, a P/E ratio of 15.10, a P/E/G ratio of -68.20 and a beta of 1.31.

Morgan Sindall Group (LON:MGNS - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported GBX 153.10 EPS for the quarter. Morgan Sindall Group had a return on equity of 21.60% and a net margin of 2.82%. On average, equities analysts expect that Morgan Sindall Group plc will post 238.9649924 EPS for the current fiscal year.

About Morgan Sindall Group

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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