Liberum Capital Reaffirms Buy Rating for Morgan Sindall Group (MGNS)

Liberum Capital reiterated their buy rating on shares of Morgan Sindall Group (LON:MGNS) in a report released on Wednesday. The brokerage currently has a GBX 1,650 ($22.21) price target on the stock.

Several other equities research analysts have also recently weighed in on MGNS. Numis Securities increased their price objective on Morgan Sindall Group from GBX 1,350 ($18.17) to GBX 1,565 ($21.06) and gave the company an add rating in a research report on Tuesday, August 8th. Peel Hunt increased their price objective on Morgan Sindall Group from GBX 1,400 ($18.84) to GBX 1,500 ($20.19) and gave the company a buy rating in a research report on Tuesday, August 8th.

Morgan Sindall Group (LON MGNS) traded up GBX 16 ($0.22) on Wednesday, hitting GBX 1,401 ($18.86). The stock had a trading volume of 18,464 shares, compared to its average volume of 41,149. Morgan Sindall Group has a 12 month low of GBX 718 ($9.66) and a 12 month high of GBX 1,520 ($20.46).

In other Morgan Sindall Group news, insider John Christopher Morgan sold 50,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of GBX 1,380 ($18.57), for a total transaction of £690,000 ($928,667.56). Also, insider Steve Crummett acquired 16,400 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were bought at an average price of GBX 1,500 ($20.19) per share, with a total value of £246,000 ($331,090.17).

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About Morgan Sindall Group

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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