Morgan Sindall Group (LON:MGNS) Price Target Increased to GBX 1,700 by Analysts at Peel Hunt

Morgan Sindall Group (LON:MGNS) had its price objective raised by equities research analysts at Peel Hunt from GBX 1,600 ($20.91) to GBX 1,700 ($22.21) in a research report issued on Monday, LSE.Co.UK reports. The firm presently has a “buy” rating on the stock. Peel Hunt’s target price would indicate a potential upside of 37.10% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,500 ($19.60) price objective on shares of Morgan Sindall Group in a report on Monday, July 1st. Liberum Capital reiterated a “buy” rating on shares of Morgan Sindall Group in a report on Wednesday, August 7th. Finally, Peel Hunt lifted their price objective on Morgan Sindall Group from GBX 1,600 ($20.91) to GBX 1,700 ($22.21) and gave the company a “buy” rating in a report on Monday. Five investment analysts have rated the stock with a buy rating, Morgan Sindall Group presently has an average rating of “Buy” and a consensus price target of GBX 1,616.25 ($21.12).

Shares of LON:MGNS traded up GBX 28 ($0.37) during trading on Monday, hitting GBX 1,240 ($16.20). 33,345 shares of the company’s stock traded hands, compared to its average volume of 62,423. Morgan Sindall Group has a 52 week low of GBX 1,000 ($13.07) and a 52 week high of GBX 1,438 ($18.79). The company has a current ratio of 1.08, a quick ratio of 0.67 and a debt-to-equity ratio of 15.90. The company has a market cap of $558.46 million and a price-to-earnings ratio of 8.40. The company has a 50-day moving average price of GBX 1,161.64 and a 200-day moving average price of GBX 1,237.10.

About Morgan Sindall Group

Morgan Sindall Group plc operates as a construction and regeneration company in the United Kingdom. The company operates in six divisions: Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, Urban Regeneration, and Investments. The Construction & Infrastructure division offers infrastructure services to highways, rail, aviation, energy, water, and nuclear markets; and construction services in education, healthcare, defence, commercial, industrial, leisure, and retail markets.

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Analyst Recommendations for Morgan Sindall Group (LON:MGNS)

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