Morgan Sindall Group (LON:MGNS) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Morgan Sindall Group plc shares recently surpassed their 200-day moving average, trading at GBX 4,510 ($60.61) on Friday.
• Berenberg Bank has restated its "buy" rating for the stock, with a price target of GBX 4,500 ($60.48).
• The company reported an annual revenue of £4.5 billion for the full year 2024, operating across multiple sectors with over 8,000 employees.

Morgan Sindall Group plc (LON:MGNS - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,711.99 ($49.59) and traded as high as GBX 4,550 ($60.79). Morgan Sindall Group shares last traded at GBX 4,510 ($60.25), with a volume of 73,616 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Berenberg Bank reaffirmed a "buy" rating and set a GBX 4,500 ($60.12) price objective on shares of Morgan Sindall Group in a research report on Friday, May 2nd. Peel Hunt restated an "add" rating and set a GBX 4,800 ($64.13) price objective on shares of Morgan Sindall Group in a research report on Tuesday.

Morgan Sindall Group Stock Performance

The stock's fifty day simple moving average is GBX 4,224.46 and its 200 day simple moving average is GBX 3,718.45. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 18.51. The company has a market cap of £2.17 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of -68.20 and a beta of 1.31.

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

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.