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

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.

Shares of Morgan Sindall Group plc (LON:MGNS - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,825.41 ($51.64) and traded as high as GBX 4,410 ($59.53). Morgan Sindall Group shares last traded at GBX 4,400 ($59.40), with a volume of 186,960 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Peel Hunt reiterated 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. Deutsche Bank Aktiengesellschaft lifted their price target 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, Berenberg Bank reiterated a "buy" rating and set a GBX 5,000 price target on shares of Morgan Sindall Group in a research report on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Morgan Sindall Group presently has an average rating of "Buy" and an average target price of GBX 4,933.33.

Morgan Sindall Group Trading Down 0.6%

The firm has a market cap of £2.00 billion, a price-to-earnings ratio of 15.92, a PEG ratio of -68.20 and a beta of 1.31. The company has a 50-day moving average price of GBX 4,496.10 and a 200 day moving average price of GBX 3,838.48. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 18.51.

Morgan Sindall Group (LON:MGNS - Get Free Report) last issued 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%. As a group, research analysts anticipate that Morgan Sindall Group plc will post 238.9649924 earnings per share for the current fiscal year.

Insider Buying and Selling at Morgan Sindall Group

In related news, insider Kelly Gangotra acquired 660 shares of the stock in a transaction dated Monday, August 4th. The shares were bought at an average cost of GBX 4,510 per share, for a total transaction of £29,766. Corporate insiders own 11.05% of the company's stock.

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.