Berenberg Bank Reiterates “Buy” Rating for Morgan Sindall Group (LON:MGNS)

Morgan Sindall Group (LON:MGNS)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research note issued to investors on Tuesday, Marketbeat.com reports. They presently have a GBX 5,000 ($66.30) target price on the stock. Berenberg Bank’s target price indicates a potential upside of 7.41% from the company’s current price.

Separately, Peel Hunt reaffirmed an “add” rating and issued a GBX 4,800 ($63.64) price objective on shares of Morgan Sindall Group in a research report on Tuesday.

Morgan Sindall Group Stock Performance

MGNS opened at GBX 4,655 ($61.72) on Tuesday. Morgan Sindall Group has a 12-month low of GBX 2,585 ($34.27) and a 12-month high of GBX 4,875 ($64.64). The stock has a market cap of £2.20 billion, a price-to-earnings ratio of 17.52, a PEG ratio of -68.20 and a beta of 1.31. The business has a 50 day moving average of GBX 4,258.96 and a 200-day moving average of GBX 3,731.06. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 18.51.

Morgan Sindall Group (LON:MGNS) last released its quarterly earnings data on Tuesday, July 29th. The company reported GBX 153.10 ($2.03) earnings per share (EPS) for the quarter. Morgan Sindall Group had a return on equity of 21.60% and a net margin of 2.82%. On average, equities research analysts expect that Morgan Sindall Group will post 238.9649924 earnings per share for the current year.

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.