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

Key Points

• Morgan Sindall Group's stock price has recently **crossed above** its 200-day moving average, reaching as high as GBX 4,385 (approximately $58.98).
• Analysts are optimistic about the stock, with multiple firms including **Deutsche Bank** and **Berenberg Bank** issuing "buy" ratings and price targets as high as GBX 5,000.
• In recent transactions, insider **Kelly Gangotra** bought 660 shares at an average price of GBX 4,510, indicating confidence in the company's future performance.

Morgan Sindall Group plc (LON:MGNS - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,936.59 ($52.95) and traded as high as GBX 4,385 ($58.98). Morgan Sindall Group shares last traded at GBX 4,360 ($58.64), with a volume of 68,007 shares.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MGNS shares. Berenberg Bank reissued a "buy" rating and set a GBX 5,000 price objective on shares of Morgan Sindall Group in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft lifted their price target 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 issued a GBX 4,800 price target on shares of Morgan Sindall Group in a research note on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of GBX 4,933.33.

Morgan Sindall Group Stock Performance

The stock's 50 day simple moving average is GBX 4,379.53 and its two-hundred day simple moving average is GBX 3,936.59. The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87. The stock has a market cap of £2.05 billion, a P/E ratio of 1,402.83, 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 quarterly earnings data 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%. As a group, research analysts forecast that Morgan Sindall Group plc will post 238.9649924 EPS for the current year.

Insiders Place Their Bets

In other news, insider Kelly Gangotra acquired 660 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average price of GBX 4,510 per share, with a total value of £29,766. 13.96% of the stock is owned by corporate 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.

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