Morgan Sindall Group (LON:MGNS) Sets New 12-Month High – Should You Buy?

Morgan Sindall Group plc (LON:MGNSGet Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 4,995 and last traded at GBX 4,755, with a volume of 1900 shares trading hands. The stock had previously closed at GBX 4,780.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their price objective 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Morgan Sindall Group presently has a consensus rating of “Buy” and a consensus price target of GBX 5,016.67.

Check Out Our Latest Stock Report on MGNS

Morgan Sindall Group Trading Down 0.0%

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 market capitalization of £2.25 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31. The firm has a fifty day moving average price of GBX 4,622.23 and a 200-day moving average price of GBX 4,540.59.

Insiders Place Their Bets

In related news, insider John Christopher Morgan sold 28,458 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of GBX 4,950, for a total transaction of £1,408,671. Also, insider Mark Robson acquired 25 shares of the stock in a transaction on Wednesday, November 12th. The stock was bought at an average cost of GBX 4,451 per share, for a total transaction of £1,112.75. Insiders own 13.99% of the company’s stock.

Morgan Sindall Group Company Profile

(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

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