Morgan Sindall Group (LON:MGNS) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Morgan Sindall Group plc (LON:MGNS)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 4,456.28 and traded as high as GBX 4,760. Morgan Sindall Group shares last traded at GBX 4,755, with a volume of 4,237,383 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price objective on Morgan Sindall Group from GBX 5,000 to GBX 5,250 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 5,016.67.

Morgan Sindall Group Trading Down 1.2%

The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 18.51. The business’s fifty day moving average is GBX 4,664.65 and its 200-day moving average is GBX 4,456.28. The stock has a market capitalization of £2.20 billion, a PE ratio of 15.07, a P/E/G ratio of -68.20 and a beta of 1.31.

Insider Buying and Selling at Morgan Sindall Group

In related news, insider John Christopher Morgan sold 28,458 shares of Morgan Sindall Group stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of GBX 4,950, for a total value of £1,408,671. Also, insider Mark Robson purchased 25 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average price of GBX 4,451 per share, with a total value of £1,112.75. 13.99% of the stock is owned by insiders.

About Morgan Sindall Group

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.