Morgan Sindall Group (LON:MGNS – Get Free Report) announced that its board has authorized a share repurchase program on Thursday, November 5th, RTT News reports. The company plans to buy back £75 million in shares. This buyback authorization permits the company to buy up to 3.7% of its shares through open market purchases. Share buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Morgan Sindall Group Stock Performance
MGNS stock traded up GBX 166 during midday trading on Thursday, hitting GBX 4,306. The stock had a trading volume of 3,062,071 shares, compared to its average volume of 340,412. The firm has a market capitalization of £2.04 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of -68.20 and a beta of 0.82. Morgan Sindall Group has a 52 week low of GBX 3,794 and a 52 week high of GBX 5,730. The stock has a 50-day simple moving average of GBX 4,115.94 and a 200 day simple moving average of GBX 4,526.93. The company has a current ratio of 1.17, a quick ratio of 0.86 and a debt-to-equity ratio of 18.30.
Analyst Ratings Changes
Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 5,800 price target on shares of Morgan Sindall Group in a report on Tuesday, July 28th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Morgan Sindall Group currently has an average rating of “Buy” and a consensus price target of GBX 5,800.
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About Morgan Sindall Group
Morgan Sindall Group plc, the Partnerships, Fit Out and Construction Services Group, reported an annual revenue of £5.0bn in the full year 2025. The Group employs over 8,500 employees and operates in the public, regulated and private sectors. It reports through five divisions of Partnership Housing, Mixed Use Partnerships, Fit Out, Construction and Infrastructure.
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