Morgan Sindall Group (LON:MGNS) Sets New 12-Month High – Here’s What Happened

Morgan Sindall Group plc (LON:MGNS) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 4,995 ($66.62) and last traded at GBX 4,875 ($65.02), with a volume of 42114 shares trading hands. The stock had previously closed at GBX 4,940 ($65.88).

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MGNS shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Morgan Sindall Group from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Berenberg Bank raised their price objective on shares of Morgan Sindall Group from GBX 5,000 to GBX 5,250 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 4,800 price objective on shares of Morgan Sindall Group in a research report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 5,016.67.

Morgan Sindall Group Stock Performance

The company has a market cap of £2.30 billion, a P/E ratio of 1,571.75, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 18.51. The stock’s 50-day moving average price is GBX 4,409.82 and its 200 day moving average price is GBX 4,095.27.

Morgan Sindall Group (LON:MGNS) last released its quarterly earnings results on Tuesday, July 29th. The company reported GBX 153.10 EPS for the quarter. Morgan Sindall Group had a net margin of 2.82% and a return on equity of 21.60%. As a group, research analysts expect that Morgan Sindall Group plc will post 238.9649924 EPS for the current fiscal year.

Insider Activity at Morgan Sindall Group

In other news, insider Kelly Gangotra purchased 660 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were bought at an average price of GBX 4,510 per share, with a total value of £29,766. 13.96% of the stock is currently 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.