Berenberg Bank Forecasts Strong Price Appreciation for Morgan Sindall Group (LON:MGNS) Stock

Morgan Sindall Group (LON:MGNS) had its price objective raised by stock analysts at Berenberg Bank from GBX 5,000 to GBX 5,250 in a research note issued on Thursday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 5.95% from the stock’s current price.

Other analysts have also issued reports about the stock. Peel Hunt restated an “add” rating and issued a GBX 4,800 price objective on shares of Morgan Sindall Group in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft boosted 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 report on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 5,016.67.

Morgan Sindall Group Price Performance

LON:MGNS opened at GBX 4,955 on Thursday. 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 firm has a market cap of £2.33 billion, a price-to-earnings ratio of 1,594.27, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31. The company has a 50 day moving average price of GBX 4,357.62 and a 200-day moving average price of GBX 3,997.01. Morgan Sindall Group has a 1-year low of GBX 2,900 and a 1-year high of GBX 4,965.

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

Insider Buying and Selling at Morgan Sindall Group

In other news, insider Kelly Gangotra bought 660 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of GBX 4,510 per share, for a total transaction of £29,766. Insiders own 13.96% of the company’s stock.

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.