Morgan Sindall Group (LON:MGNS) Sets New 52-Week High – Should You Buy?

Morgan Sindall Group plc (LON:MGNS) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 4,995 and last traded at GBX 4,755, with a volume of 1900 shares changing hands. The stock had previously closed at GBX 4,780.

Analyst Upgrades and Downgrades

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 note on Thursday, October 2nd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Morgan Sindall Group has a consensus rating of “Buy” and a consensus price target of GBX 5,016.67.

Morgan Sindall Group Trading Down 0.2%

The company has a market cap of £2.28 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31. 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 company’s 50-day moving average is GBX 4,630.03 and its 200 day moving average is GBX 4,545.31.

Insider Transactions at Morgan Sindall Group

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