Morgan Sindall Group (LON:MGNS) Shares Cross Above 200 Day Moving Average – Here’s Why
by Mitch Edgeman · The Markets DailyShares of Morgan Sindall Group plc (LON:MGNS – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,713.42 and traded as high as GBX 5,025. Morgan Sindall Group shares last traded at GBX 4,790, with a volume of 8,038,360 shares.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 5,800 price objective on shares of Morgan Sindall Group in a report on Friday, April 17th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 5,200.
View Our Latest Research Report on Morgan Sindall Group
Morgan Sindall Group Stock Down 1.9%
The firm has a market capitalization of £2.23 billion, a P/E ratio of 13.49, a PEG ratio of -68.20 and a beta of 0.84. The company has a debt-to-equity ratio of 17.75, a quick ratio of 0.86 and a current ratio of 1.18. The stock has a 50 day moving average of GBX 4,667.30 and a 200-day moving average of GBX 4,715.34.
Insider Activity
In other Morgan Sindall Group news, insider Mark Robson purchased 42 shares of the stock in a transaction dated Thursday, June 11th. The shares were bought at an average price of GBX 4,460 per share, with a total value of £1,873.20. 14.21% of the stock is currently owned by company insiders.
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.