Morgan Sindall Group (LON:MGNS) Sets New 52-Week High – Here’s What Happened

Morgan Sindall Group plc (LON:MGNSGet Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as GBX 4,995 and last traded at GBX 4,950, with a volume of 10265 shares. The stock had previously closed at GBX 4,960.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on MGNS

Morgan Sindall Group Stock Up 0.5%

The stock has a market capitalization of £2.34 billion, a PE ratio of 16.04, a PEG ratio of -68.20 and a beta of 1.31. 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 company has a 50 day moving average price of GBX 4,673.47 and a 200-day moving average price of GBX 4,563.78.

Insiders Place Their Bets

In related news, insider Mark Robson purchased 116 shares of Morgan Sindall Group stock in a transaction on Wednesday, November 12th. The shares were bought at an average cost of GBX 4,451 per share, for a total transaction of £5,163.16. Insiders own 13.99% of the company’s stock.

About Morgan Sindall Group

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Morgan Sindall Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Sindall Group and related companies with MarketBeat.com's FREE daily email newsletter.