Morgan Sindall Group (LON:MGNS) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Morgan Sindall Group plc (LON:MGNS) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3,597.92 ($48.98) and traded as high as GBX 4,465 ($60.78). Morgan Sindall Group shares last traded at GBX 4,428.40 ($60.28), with a volume of 218,146 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 4,500 ($61.26) price target on shares of Morgan Sindall Group in a research report on Friday, May 2nd.

Morgan Sindall Group Stock Performance

The firm has a market cap of £2.09 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 18.51. The stock has a fifty day moving average price of GBX 3,744.88 and a 200-day moving average price of GBX 3,597.92.

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.