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

Key Points

• Morgan Sindall Group shares surpassed their 200-day moving average during trading, indicating positive momentum, with shares trading at GBX 4,128.96.
• Multiple analysts have set bullish price targets, with Berenberg Bank and Deutsche Bank both recommending a "buy" and setting a target of GBX 5,000.
• Insider activity was noted as Kelly Gangotra purchased 660 shares at an average cost of GBX 4,510, highlighting confidence in the company's future.

Morgan Sindall Group plc (LON:MGNS - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,894.03 ($52.47) and traded as high as GBX 4,252.48 ($57.30). Morgan Sindall Group shares last traded at GBX 4,128.96 ($55.63), with a volume of 283,937 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 5,000 target price on shares of Morgan Sindall Group in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Morgan Sindall Group from GBX 4,600 to GBX 5,000 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, Peel Hunt reaffirmed an "add" rating and set a GBX 4,800 target price on shares of Morgan Sindall Group in a report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of GBX 4,933.33.

Morgan Sindall Group Stock Up 0.5%

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's 50 day moving average price is GBX 4,395.13 and its 200-day moving average price is GBX 3,916.55. The company has a market cap of £2.02 billion, a PE ratio of 1,383.53, a PEG ratio of -68.20 and a beta of 1.31.

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 for the quarter. Morgan Sindall Group had a net margin of 2.82% and a return on equity of 21.60%. On average, analysts predict that Morgan Sindall Group plc will post 238.9649924 earnings per share for the current year.

Insider Activity

In other news, insider Kelly Gangotra acquired 660 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average cost of GBX 4,510 per share, for a total transaction of £29,766. Corporate insiders own 13.96% 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.