Morgan Sindall Group (LON:MGNS) Shares Cross Above 200 Day Moving Average – Should You Sell?

Morgan Sindall Group plc (LON:MGNS) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,578.37 and traded as high as GBX 4,950. Morgan Sindall Group shares last traded at GBX 4,890, with a volume of 46,958 shares trading hands.

Analyst Ratings Changes

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

Morgan Sindall Group Stock Performance

The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 18.51. The firm has a market capitalization of £2.30 billion, a price-to-earnings ratio of 15.73, a PEG ratio of -68.20 and a beta of 1.31. The stock has a fifty day moving average price of GBX 4,717.04 and a 200-day moving average price of GBX 4,578.37.

Insider Transactions at Morgan Sindall Group

In related news, insider Mark Robson acquired 116 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was bought at an average cost of GBX 4,451 per share, with a total value of £5,163.16. 13.99% of the stock is owned by corporate 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.