Morgan Sindall Group (LON:MGNS)‘s stock had its “buy” rating reiterated by research analysts at Liberum Capital in a report issued on Wednesday. They presently have a GBX 1,650 ($22.21) target price on the stock. Liberum Capital’s price target would indicate a potential upside of 17.77% from the company’s current price.

Other equities analysts have also issued research reports about the company. Numis Securities raised their price objective on Morgan Sindall Group from GBX 1,350 ($18.17) to GBX 1,565 ($21.06) and gave the company an “add” rating in a research report on Tuesday, August 8th. Peel Hunt raised their price objective on Morgan Sindall Group from GBX 1,500 ($20.19) to GBX 1,600 ($21.53) and gave the company a “buy” rating in a research report on Wednesday, November 1st.

Shares of Morgan Sindall Group (MGNS) traded up GBX 16 ($0.22) during trading on Wednesday, hitting GBX 1,401 ($18.86). 18,464 shares of the stock traded hands, compared to its average volume of 41,149. Morgan Sindall Group has a 1 year low of GBX 718 ($9.66) and a 1 year high of GBX 1,520 ($20.46).

In related news, insider Steve Crummett acquired 16,400 shares of the stock in a transaction dated Friday, November 3rd. The shares were purchased at an average cost of GBX 1,500 ($20.19) per share, with a total value of £246,000 ($331,090.17). Also, insider John Christopher Morgan sold 50,000 shares of Morgan Sindall Group stock in a transaction dated Friday, December 1st. The shares were sold at an average price of GBX 1,380 ($18.57), for a total value of £690,000 ($928,667.56).

ILLEGAL ACTIVITY NOTICE: This article was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/12/10/morgan-sindall-group-mgns-stock-rating-reaffirmed-by-liberum-capital.html.

About Morgan Sindall Group

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.

Receive News & Ratings for Morgan Sindall Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Sindall Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.