Berenberg Bank Raises Morgan Sindall Group (LON:MGNS) Price Target to GBX 5,250

Morgan Sindall Group (LON:MGNS) had its price objective upped by Berenberg Bank from GBX 5,000 to GBX 5,250 in a research note published on Thursday morning,Digital Look reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on MGNS. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Morgan Sindall Group from GBX 4,600 to GBX 5,000 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Peel Hunt restated an “add” rating and set a GBX 4,800 target price on shares of Morgan Sindall Group in a research report on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Morgan Sindall Group has a consensus rating of “Buy” and a consensus price target of GBX 5,016.67.

Morgan Sindall Group Trading Up 1.4%

LON:MGNS opened at GBX 4,945 on Thursday. Morgan Sindall Group has a 12 month low of GBX 2,900 and a 12 month high of GBX 4,965. The firm has a fifty day simple moving average of GBX 4,357.62 and a 200-day simple moving average of GBX 3,997.01. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 18.51. The company has a market capitalization of £2.32 billion, a P/E ratio of 1,591.06, a PEG ratio of -68.20 and a beta of 1.31.

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

Insider Transactions at Morgan Sindall Group

In other news, insider Kelly Gangotra acquired 660 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was acquired at an average price of GBX 4,510 per share, for a total transaction of £29,766. 13.96% of the stock is owned by corporate insiders.

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.