Morgan Sindall Group (LON:MGNS) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Morgan Sindall Group shares crossed above their 200-day moving average, currently trading at GBX 4,506.17 ($60.19), a notable rise from the average of GBX 3,760.77 ($50.24).
• Analysts have issued optimistic ratings, with Peel Hunt and Berenberg Bank setting target prices of GBX 4,800 and GBX 5,000, respectively, indicating strong growth expectations.
• Insider Kelly Gangotra purchased 660 shares at GBX 4,510 ($60.25), reflecting confidence in the company's prospects amid a current insider ownership of 11.05%.

Morgan Sindall Group plc (LON:MGNS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,760.77 ($50.24) and traded as high as GBX 4,615 ($61.65). Morgan Sindall Group shares last traded at GBX 4,506.17 ($60.19), with a volume of 54,612 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Peel Hunt reaffirmed an "add" rating and set a GBX 4,800 ($64.12) target price on shares of Morgan Sindall Group in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on Morgan Sindall Group from GBX 4,600 ($61.45) to GBX 5,000 ($66.79) and gave the company a "buy" rating in a report on Tuesday, July 29th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 5,000 ($66.79) target price on shares of Morgan Sindall Group in a report on Tuesday, July 29th.

Morgan Sindall Group Price Performance

The company has a debt-to-equity ratio of 18.51, a quick ratio of 0.87 and a current ratio of 1.18. The firm has a market cap of £2.12 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31. The stock's 50 day simple moving average is GBX 4,330.04 and its 200-day simple moving average is GBX 3,760.77.

Morgan Sindall Group (LON:MGNS - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported GBX 153.10 ($2.05) EPS for the quarter. Morgan Sindall Group had a return on equity of 21.60% and a net margin of 2.82%. Equities research analysts anticipate that Morgan Sindall Group plc will post 238.9649924 EPS for the current fiscal year.

Insider Buying and Selling at Morgan Sindall Group

In other news, insider Kelly Gangotra acquired 660 shares of the firm's stock in a transaction on Monday, August 4th. The stock was acquired at an average price of GBX 4,510 ($60.25) per share, for a total transaction of £29,766 ($39,762.22). 11.05% of the stock is currently owned by company insiders.

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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