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

Morgan Sindall Group plc (LON:MGNS)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their target price on shares of 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 analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 5,016.67.

Morgan Sindall Group Stock Performance

The firm’s fifty day moving average price is GBX 4,717.04 and its 200-day moving average price is GBX 4,578.37. The company has a market cap of £2.30 billion, a P/E ratio of 15.73, a P/E/G ratio of -68.20 and a beta of 1.31. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 18.51.

Insider Transactions at Morgan Sindall Group

In other news, insider Mark Robson purchased 116 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was purchased at an average price 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.