Morgan Sindall Group (LON:MGNS) Stock Passes Above 200 Day Moving Average – Here’s Why

Morgan Sindall Group plc (LON:MGNS)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 4,456.28 and traded as high as GBX 4,760. Morgan Sindall Group shares last traded at GBX 4,755, with a volume of 4,237,383 shares.

Wall Street Analysts Forecast Growth

Separately, 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. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 5,016.67.

Morgan Sindall Group Stock Performance

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 capitalization of £2.18 billion, a PE ratio of 14.93, a P/E/G ratio of -68.20 and a beta of 1.31. The firm has a fifty day moving average price of GBX 4,654.64 and a 200 day moving average price of GBX 4,462.85.

Insider Transactions at Morgan Sindall Group

In other news, insider Mark Robson purchased 25 shares of Morgan Sindall Group stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average price of GBX 4,451 per share, for a total transaction of £1,112.75. Also, insider John Christopher Morgan sold 28,458 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of GBX 4,950, for a total transaction of £1,408,671. 13.99% of the stock is currently owned by corporate insiders.

Morgan Sindall Group Company Profile

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.