Morgan Sindall Group (LON:MGNS) Shares Cross Above 200-Day Moving Average – Should You Sell?

Morgan Sindall Group plc (LON:MGNS)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,578.89 ($48.32) and traded as high as GBX 3,830 ($51.71). Morgan Sindall Group shares last traded at GBX 3,805 ($51.37), with a volume of 71,946 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 4,500 ($60.75) price objective on shares of Morgan Sindall Group in a research report on Friday, May 2nd.

Morgan Sindall Group Price Performance

The firm’s 50-day moving average price is GBX 3,570.32 and its two-hundred day moving average price is GBX 3,578.89. The stock has a market cap of £1.82 billion, a PE ratio of 14.51, a PEG ratio of -68.20 and a beta of 1.31. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 18.51.

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.