Morgan Sindall Group (LON:MGNS) Reaches New 12-Month High Following Analyst Upgrade

Morgan Sindall Group plc (LON:MGNS) hit a new 52-week high on Friday after Berenberg Bank raised their price target on the stock from GBX 5,000 to GBX 5,250. Berenberg Bank currently has a buy rating on the stock. Morgan Sindall Group traded as high as GBX 4,945 ($66.66) and last traded at GBX 4,875 ($65.72), with a volume of 525524 shares trading hands. The stock had previously closed at GBX 4,375 ($58.98).

A number of other brokerages have also issued reports on MGNS. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Morgan Sindall Group from GBX 4,600 to GBX 5,000 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Peel Hunt reiterated an “add” rating and set a GBX 4,800 price target on shares of Morgan Sindall Group in a research note on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Morgan Sindall Group has an average rating of “Buy” and an average price target of GBX 5,016.67.

Insider Buying and Selling at Morgan Sindall Group

In other news, insider Kelly Gangotra bought 660 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of GBX 4,510 per share, for a total transaction of £29,766. Insiders own 13.96% of the company’s stock.

Morgan Sindall Group Price Performance

The stock’s 50 day moving average is GBX 4,366.42 and its two-hundred day moving average is GBX 4,017.93. The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87. The stock has a market capitalization of £2.33 billion, a PE ratio of 1,592.66, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31.

Morgan Sindall Group (LON:MGNS) last released its earnings results on Tuesday, July 29th. The company reported GBX 153.10 earnings per share for the quarter. Morgan Sindall Group had a net margin of 2.82% and a return on equity of 21.60%. As a group, sell-side analysts forecast that Morgan Sindall Group plc will post 238.9649924 earnings per share for the current fiscal 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.