Morgan Sindall Group (LON:MGNS) Trading 10.5% Higher - Here's Why

Key Points

• Morgan Sindall Group's shares traded up 10.5%, reaching a high of GBX 4,866.40, as significant trading volume increased to 760,287 shares.
• Equities analysts are bullish on the company, with multiple firms like Deutsche Bank and Berenberg Bank issuing buy ratings and raising target prices to around GBX 5,000.
• The company reported earnings per share of GBX 153.10 in its last financial results, with a forecasted EPS of 238.96 for the current year.

Morgan Sindall Group plc (LON:MGNS - Get Free Report) shares traded up 10.5% during mid-day trading on Thursday . The stock traded as high as GBX 4,866.40 ($65.60) and last traded at GBX 4,835 ($65.18). 760,287 shares changed hands during trading, an increase of 370% from the average session volume of 161,840 shares. The stock had previously closed at GBX 4,375 ($58.98).

Wall Street Analysts Forecast Growth

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

Morgan Sindall Group Stock Up 11.9%

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 cap of £2.30 billion, a price-to-earnings ratio of 1,575.06, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31. The firm has a 50-day moving average price of GBX 4,351.42 and a two-hundred day moving average price of GBX 3,983.77.

Morgan Sindall Group (LON:MGNS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported GBX 153.10 earnings per share for the quarter. Morgan Sindall Group had a return on equity of 21.60% and a net margin of 2.82%. On average, sell-side analysts forecast that Morgan Sindall Group plc will post 238.9649924 earnings per share for the current year.

Insider Transactions at Morgan Sindall Group

In other news, insider Kelly Gangotra purchased 660 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average price of GBX 4,510 per share, for a total transaction 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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