Morgan Sindall Group’s “Hold” Rating Reaffirmed at Liberum Capital (MGNS)
Morgan Sindall Group (LON:MGNS)‘s stock had its “hold” rating reaffirmed by stock analysts at Liberum Capital in a report issued on Thursday, AnalystRatingsNetwork reports. They currently have a GBX 750 ($12.33) price objective on the stock. Liberum Capital’s price target suggests a potential downside of 5.42% from the company’s current price.
Shares of Morgan Sindall Group (LON:MGNS) traded down 0.31% during mid-day trading on Thursday, hitting GBX 793.00. 116,527 shares of the company’s stock traded hands. Morgan Sindall Group has a 52-week low of GBX 510.50 and a 52-week high of GBX 845.50. The stock has a 50-day moving average of GBX 786.8 and a 200-day moving average of GBX 752.7. The company’s market cap is £337.7 million.
A number of other firms have also recently commented on MGNS. Analysts at Peel Hunt downgraded shares of Morgan Sindall Group to a “sell” rating in a research note to investors on Monday, January 13th. Separately, analysts at Berenberg Bank initiated coverage on shares of Morgan Sindall Group in a research note to investors on Friday, January 10th. They set a “buy” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Morgan Sindall Group in a research note to investors on Friday, November 15th. They now have a GBX 1,000 ($16.43) price target on the stock. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 694 ($11.41).
Morgan Sindall Group plc is a construction and regeneration company. The Company operates in five divisions: Construction and Infrastructure; Affordable Housing; Fit Out; Urban Regeneration, and Investments.
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