Morgan Sindall Group (LON:MGNS) Share Price 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 crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,760.77 ($50.56) and traded as high as GBX 4,615 ($62.05). Morgan Sindall Group shares last traded at GBX 4,506.17 ($60.58), with a volume of 54,612 shares.

Analyst Ratings Changes

MGNS has been the subject of a number of research reports. Peel Hunt restated an "add" rating and set a GBX 4,800 ($64.53) target price on shares of Morgan Sindall Group in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Morgan Sindall Group from GBX 4,600 ($61.84) to GBX 5,000 ($67.22) and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 5,000 ($67.22) price objective on shares of Morgan Sindall Group in a research note on Tuesday, July 29th.

Morgan Sindall Group Stock Down 0.4%

The business's 50 day moving average is GBX 4,356.96 and its 200 day moving average is GBX 3,772.19. 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 stock has a market cap of £2.14 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth 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 ($2.06) earnings per share (EPS) for the quarter. Morgan Sindall Group had a net margin of 2.82% and a return on equity of 21.60%. Equities analysts expect that Morgan Sindall Group plc will post 238.9649924 earnings per share for the current year.

Insider Transactions at Morgan Sindall Group

In related news, insider Kelly Gangotra bought 660 shares of the business's stock in a transaction on Monday, August 4th. The stock was bought at an average price of GBX 4,510 ($60.63) per share, for a total transaction of £29,766 ($40,018.82). 11.05% of the stock is currently owned by insiders.

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.