Morgan Sindall Group (LON:MGNS) Shares Cross Above 200 Day Moving Average – What’s Next?

Morgan Sindall Group plc (LON:MGNS) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 4,493.62 and traded as high as GBX 4,795. Morgan Sindall Group shares last traded at GBX 4,700, with a volume of 48,151 shares.

Wall Street Analysts Forecast Growth

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

Morgan Sindall Group Stock Up 0.1%

The company has a market capitalization of £2.21 billion, a price-to-earnings ratio of 15.14, a PEG ratio of -68.20 and a beta of 1.31. The company has a debt-to-equity ratio of 18.51, a quick ratio of 0.87 and a current ratio of 1.18. The business’s 50 day moving average is GBX 4,636.34 and its 200 day moving average is GBX 4,493.62.

Insiders Place Their Bets

In related news, insider John Christopher Morgan sold 28,458 shares of the company’s 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 bought 25 shares of Morgan Sindall Group stock in a transaction that occurred on Wednesday, November 12th. The stock was 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.

Morgan Sindall Group Company Profile

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.