Morgan Sindall Group (LON:MGNS) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Morgan Sindall Group plc (LON:MGNS) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,557.73 and traded as high as GBX 4,945. Morgan Sindall Group shares last traded at GBX 4,810, with a volume of 53,226 shares trading hands.

Analyst Ratings Changes

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

Morgan Sindall Group Price Performance

The firm has a 50-day moving average of GBX 4,651.93 and a 200-day moving average of GBX 4,557.73. 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 firm has a market capitalization of £2.29 billion, a P/E ratio of 15.67, a PEG ratio of -68.20 and a beta of 1.31.

Insider Activity

In other Morgan Sindall Group news, insider Mark Robson acquired 116 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were 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 currently 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.