Morgan Sindall Group (LON:MGNS) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Morgan Sindall Group's stock has recently crossed above its 200-day moving average, indicating potential upward momentum, with shares trading as high as GBX 4,410.
• Research firms like Peel Hunt and Deutsche Bank have issued optimistic ratings and price targets for the stock, with a consensus target of GBX 4,933.33.
• The company reported a net margin of 2.82% and a return on equity of 21.60% in its latest earnings, along with expectations of posting an EPS of approximately 239 for the current year.

Morgan Sindall Group plc (LON:MGNS - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,825.41 ($51.58) and traded as high as GBX 4,410 ($59.46). Morgan Sindall Group shares last traded at GBX 4,400 ($59.32), with a volume of 186,960 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on MGNS. Berenberg Bank reissued a "buy" rating and issued a GBX 5,000 price objective on shares of Morgan Sindall Group in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Morgan Sindall Group from GBX 4,600 to GBX 5,000 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Finally, Peel Hunt reissued an "add" rating and issued a GBX 4,800 price objective on shares of Morgan Sindall Group in a research report on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of GBX 4,933.33.

Morgan Sindall Group Stock Performance

The firm has a market capitalization of £1.99 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31. 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 50-day moving average price of GBX 4,498.99 and a 200-day moving average price of GBX 3,835.83.

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

Insider Activity

In other Morgan Sindall Group news, insider Kelly Gangotra bought 660 shares of the company's stock in a transaction dated Monday, August 4th. The shares were acquired at an average cost of GBX 4,510 per share, with a total value of £29,766. Insiders own 11.05% of the company's stock.

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.