Morgan Sindall Group PLC (LON:MGNS)‘s stock had its “add” rating reaffirmed by analysts at Numis Securities Ltd in a research report issued to clients and investors on Wednesday, July 19th. They presently have a GBX 1,350 ($17.58) price objective on the stock. Numis Securities Ltd’s target price would suggest a potential downside of 5.06% from the company’s previous close.
A number of other brokerages have also recently issued reports on MGNS. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,300 ($16.93) price objective on shares of Morgan Sindall Group PLC in a research note on Thursday, May 4th. Peel Hunt lifted their price target on shares of Morgan Sindall Group PLC from GBX 900 ($11.72) to GBX 1,200 ($15.63) and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Finally, Jefferies Group LLC lifted their price target on shares of Morgan Sindall Group PLC from GBX 1,205 ($15.69) to GBX 1,469 ($19.13) and gave the stock a “buy” rating in a research report on Tuesday, June 13th.
Shares of Morgan Sindall Group PLC (LON:MGNS) opened at 1431.00 on Wednesday. Morgan Sindall Group PLC has a 12 month low of GBX 636.00 and a 12 month high of GBX 1,500.00. The stock’s 50 day moving average price is GBX 1,299.62 and its 200-day moving average price is GBX 1,111.55. The firm’s market cap is GBX 628.91 million.
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In related news, insider Steve Crummett sold 13,174 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of GBX 1,190 ($15.50), for a total transaction of £156,770.60 ($204,154.97).
About Morgan Sindall Group PLC
Morgan Sindall Group plc is a construction and regeneration company. The Company operates through various divisions, including construction and infrastructure, fit out, property services, partnership housing, urban regeneration and investments. The Company’s construction and infrastructure division provides specialist construction and infrastructure design and build services on projects, frameworks and alliances.
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