Morgan Sindall Group (LON:MGNS) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Morgan Sindall Group plc (LON:MGNS - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,580.87 ($48.44) and traded as high as GBX 3,915 ($52.96). Morgan Sindall Group shares last traded at GBX 3,850 ($52.08), with a volume of 231,940 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 4,500 ($60.88) price target on shares of Morgan Sindall Group in a research note on Friday, May 2nd.

Morgan Sindall Group Price Performance

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 £1.77 billion, a P/E ratio of 14.13, a PEG ratio of -68.20 and a beta of 1.31. The business has a fifty day moving average of GBX 3,552.72 and a 200 day moving average of GBX 3,579.55.

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.