Morgan Sindall Group Given “Buy” Rating at Jefferies Group (MGNS)
Morgan Sindall Group (LON:MGNS)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Group in a research report issued on Tuesday, American Banking News.com reports. They currently have a GBX 1,000 ($16.76) target price on the stock. Jefferies Group’s price objective would indicate a potential upside of 35.50% from the stock’s previous close.
Morgan Sindall Group (LON:MGNS) traded down 6.64% during mid-day trading on Tuesday, hitting GBX 738.00. 122,975 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 791.9 and a 200-day moving average of GBX 760.6. The company’s market cap is £314.3 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of Morgan Sindall Group in a research note on Thursday, February 6th. They now have a GBX 750 ($12.57) price target on the stock. Finally, analysts at Peel Hunt downgraded shares of Morgan Sindall Group to a “sell” rating in a research note on Monday, January 13th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 706.86 ($11.85).
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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