Morgan Sindall Group’s (MGNS) “Buy” Rating Reiterated at Berenberg Bank

Morgan Sindall Group (LON:MGNS)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research report issued on Monday,London Stock Exchange reports. They currently have a GBX 5,000 price target on the stock. Berenberg Bank’s target price points to a potential upside of 21.21% from the company’s current price.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft raised their price target on Morgan Sindall Group from GBX 4,600 to GBX 5,000 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Peel Hunt reiterated an “add” rating and issued a GBX 4,800 price objective on shares of Morgan Sindall Group in a research report on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 4,933.33.

Morgan Sindall Group Price Performance

Shares of LON MGNS traded down GBX 45 during trading hours on Monday, reaching GBX 4,125. 60,655 shares of the stock traded hands, compared to its average volume of 160,132. The company has a market capitalization of £1.94 billion, a P/E ratio of 1,327.22, 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. Morgan Sindall Group has a 52-week low of GBX 2,865 and a 52-week high of GBX 4,875. The company’s 50-day simple moving average is GBX 4,451.70 and its two-hundred day simple moving average is GBX 3,868.97.

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

Insider Activity at Morgan Sindall Group

In other news, insider Kelly Gangotra bought 660 shares of the stock in a transaction dated Monday, August 4th. The stock was bought at an average price of GBX 4,510 per share, for a total transaction of £29,766. 13.96% of the stock is currently owned by 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.