Morgan Sindall Group PLC (LON:MGNS) Rating Reiterated by Numis Securities Ltd
Morgan Sindall Group PLC (LON:MGNS)‘s stock had its “add” rating restated by investment analysts at Numis Securities Ltd in a research report issued on Wednesday. They presently have a GBX 1,350 ($17.63) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 10.66% from the stock’s current price.
MGNS has been the topic of a number of other reports. Liberum Capital reissued a “buy” rating and issued a GBX 1,300 ($16.98) target price on shares of Morgan Sindall Group PLC in a research note on Thursday, May 4th. Peel Hunt increased their target price on Morgan Sindall Group PLC from GBX 900 ($11.75) to GBX 1,200 ($15.67) and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Finally, Jefferies Group LLC increased their target price on Morgan Sindall Group PLC from GBX 1,205 ($15.74) to GBX 1,469 ($19.18) and gave the stock a “buy” rating in a research note on Tuesday, June 13th.
Morgan Sindall Group PLC (LON MGNS) traded up 4.92% during mid-day trading on Wednesday, reaching GBX 1280.00. 121,898 shares of the company traded hands. The stock’s market capitalization is GBX 562.55 million. Morgan Sindall Group PLC has a 12-month low of GBX 560.00 and a 12-month high of GBX 1,344.00. The company’s 50-day moving average is GBX 1,262.72 and its 200-day moving average is GBX 1,055.58.
In related news, insider Steve Crummett sold 13,174 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of GBX 1,190 ($15.54), for a total transaction of £156,770.60 ($204,714.81).
Morgan Sindall Group PLC Company Profile
Morgan Sindall Group plc is a construction and regeneration company. The Company operates through various divisions, including construction and infrastructure, fit out, property services, partnership housing, urban regeneration and investments. The Company’s construction and infrastructure division provides specialist construction and infrastructure design and build services on projects, frameworks and alliances.
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