Morgan Sindall Group (LON:MGNS) Share Price Crosses Above 200 Day Moving Average - Here's Why

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 3,578.11 ($48.20) and traded as high as GBX 3,895 ($52.47). Morgan Sindall Group shares last traded at GBX 3,815 ($51.39), with a volume of 246,909 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 4,500 ($60.62) target price on shares of Morgan Sindall Group in a research note on Friday, May 2nd.

Morgan Sindall Group Stock Down 0.2%

The business's 50 day moving average is GBX 3,481.95 and its 200-day moving average is GBX 3,579.63. 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 capitalization of £1.82 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31.

Morgan Sindall Group (LON:MGNS - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported GBX 278.80 ($3.76) 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 anticipate that Morgan Sindall Group plc will post 238.9649924 EPS for the current fiscal year.

Insider Activity at Morgan Sindall Group

In other Morgan Sindall Group news, insider John Christopher Morgan sold 18,262 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of GBX 3,120 ($42.03), for a total value of £569,774.40 ($767,579.68). Also, insider Kelly Gangotra purchased 932 shares of Morgan Sindall Group stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of GBX 3,185 ($42.91) per share, with a total value of £29,684.20 ($39,989.49). 11.05% of the stock is currently owned by company 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.