Berenberg Bank reiterated their buy rating on shares of Morgan Sindall Group (LON:MGNS - Free Report) in a research note published on Monday, Marketbeat Ratings reports. They currently have a GBX 5,000 price objective on the stock.
Several other equities analysts have also recently weighed in on MGNS. Deutsche Bank Aktiengesellschaft raised their price target on shares of 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. Peel Hunt reaffirmed an "add" rating and issued a GBX 4,800 target price on shares of Morgan Sindall Group in a research report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of GBX 4,933.33.
Get Our Latest Stock Analysis on Morgan Sindall Group
Morgan Sindall Group Stock Down 0.6%
MGNS stock traded down GBX 25 during trading hours on Monday, reaching GBX 4,150. 33,089 shares of the stock were exchanged, compared to its average volume of 158,470. The firm's 50-day moving average is GBX 4,430.57 and its 200-day moving average is GBX 3,875.97. The company has a market cap of £1.95 billion, a price-to-earnings ratio of 1,335.26, a PEG ratio of -68.20 and a beta of 1.31. The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87. Morgan Sindall Group has a 12 month low of GBX 2,900 and a 12 month high of GBX 4,875.
Morgan Sindall Group (LON:MGNS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported GBX 153.10 EPS for the quarter. Morgan Sindall Group had a return on equity of 21.60% and a net margin of 2.82%. On average, equities research analysts expect that Morgan Sindall Group will post 238.9649924 earnings per share for the current year.
Insiders Place Their Bets
In related news, insider Kelly Gangotra purchased 660 shares of the firm's stock in a transaction on Monday, August 4th. The stock was purchased at an average cost of GBX 4,510 per share, for a total transaction of £29,766. 13.96% of the stock is currently owned by corporate insiders.
About Morgan Sindall Group
(
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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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