Morgan Sindall Group (LON:MGNS) Sets New 12-Month High – Here’s Why

Shares of Morgan Sindall Group plc (LON:MGNS) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 4,445 ($59.65) and last traded at GBX 4,395 ($58.98), with a volume of 2590568 shares. The stock had previously closed at GBX 3,840 ($51.53).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 4,500 ($60.39) target price on shares of Morgan Sindall Group in a report on Friday, May 2nd.

Morgan Sindall Group Trading Down 0.2%

The business’s fifty day moving average is GBX 3,665.12 and its 200-day moving average is GBX 3,586.57. The firm has a market cap of £2.06 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31. The company has a debt-to-equity ratio of 18.51, a quick ratio of 0.87 and a current ratio of 1.18.

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.