Morgan Sindall Group (LON:MGNS) Declares Share Buyback Plan

Morgan Sindall Group (LON:MGNS) declared that its board has approved a share repurchase program on Thursday, November 5th, RTT News reports. The company plans to buy back £75 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.7% of its shares through open market purchases. Share repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Morgan Sindall Group Price Performance

Shares of LON MGNS traded up GBX 166 during trading on Thursday, reaching GBX 4,306. The company had a trading volume of 3,062,071 shares, compared to its average volume of 340,412. Morgan Sindall Group has a 52 week low of GBX 3,794 and a 52 week high of GBX 5,730. The stock has a market cap of £2.04 billion, a PE ratio of 11.25, a PEG ratio of -68.20 and a beta of 0.82. The company has a debt-to-equity ratio of 18.30, a quick ratio of 0.86 and a current ratio of 1.17. The business’s 50 day moving average price is GBX 4,115.94 and its 200-day moving average price is GBX 4,526.93.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 5,800 target price on shares of Morgan Sindall Group in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 5,800.

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.