Morgan Sindall Group (LON:MGNS) to Buy Back £75 million in Shares

Morgan Sindall Group (LON:MGNS) announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 5th, RTT News reports. The company plans to repurchase £75 million in outstanding shares. This buyback authorization allows the company to buy up to 3.7% of its stock through open market purchases. Share buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 5,800 price objective on shares of Morgan Sindall Group in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 6,200 target price on shares of Morgan Sindall Group in a research note on Friday. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 6,000.

Morgan Sindall Group Stock Down 0.8%

Morgan Sindall Group stock opened at GBX 4,274.15 on Friday. The company has a debt-to-equity ratio of 18.30, a quick ratio of 0.86 and a current ratio of 1.17. Morgan Sindall Group has a one year low of GBX 3,794 and a one year high of GBX 5,730. The company has a 50-day simple moving average of GBX 4,113.66 and a 200-day simple moving average of GBX 4,523.95. The firm has a market capitalization of £2.03 billion, a P/E ratio of 11.16, a P/E/G ratio of -68.20 and a beta of 0.85.

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.