Morgan Sindall Group (LON:MGNS) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Morgan Sindall Group plc stock has recently surpassed its 200-day moving average, currently trading at GBX 4,520 ($61.16), which is above the 200-day average of GBX 3,794.88 ($51.34).
• Analysts from Berenberg Bank and Deutsche Bank have set price targets of GBX 5,000 ($67.65) and GBX 4,600 ($62.24), maintaining a "buy" rating.
• Insider Kelly Gangotra purchased 660 shares at GBX 4,510 ($61.02) recently, indicating confidence in the company's performance, with corporate insiders owning 11.05% of the stock.

Morgan Sindall Group plc (LON:MGNS - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,794.88 ($51.34) and traded as high as GBX 4,630 ($62.64). Morgan Sindall Group shares last traded at GBX 4,520 ($61.16), with a volume of 37,312 shares changing hands.

Wall Street Analysts Forecast Growth

MGNS has been the subject of several recent research reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 5,000 ($67.65) price target on shares of Morgan Sindall Group in a report on Tuesday, July 29th. Peel Hunt reiterated an "add" rating and issued a GBX 4,800 ($64.94) price target on shares of Morgan Sindall Group in a report on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Morgan Sindall Group from GBX 4,600 ($62.24) to GBX 5,000 ($67.65) and gave the company a "buy" rating in a report on Tuesday, July 29th.

Morgan Sindall Group Stock Up 0.5%

The firm has a 50 day moving average price of GBX 4,417.69 and a two-hundred day moving average price of GBX 3,794.88. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 18.51. The company has a market capitalization of £2.14 billion, a price-to-earnings ratio of 17.04, a P/E/G 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 ($2.07) 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, sell-side analysts expect that Morgan Sindall Group plc will post 238.9649924 earnings per share for the current year.

Insider Buying and Selling at Morgan Sindall Group

In related news, insider Kelly Gangotra purchased 660 shares of Morgan Sindall Group stock in a transaction dated Monday, August 4th. The shares were acquired at an average price of GBX 4,510 ($61.02) per share, with a total value of £29,766 ($40,273.31). 11.05% of the stock is owned by corporate insiders.

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.

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