Morgan Sindall Group (MGNS) Earns “Buy” Rating from Peel Hunt

Morgan Sindall Group (LON:MGNS)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a note issued to investors on Tuesday, January 23rd. They presently have a GBX 1,600 ($22.11) price objective on the stock. Peel Hunt’s price objective points to a potential upside of 32.45% from the stock’s previous close.

Several other research analysts have also commented on MGNS. Liberum Capital restated a “buy” rating and set a GBX 1,550 ($21.41) price target on shares of Morgan Sindall Group in a research report on Tuesday, October 31st. Numis Securities restated an “add” rating and set a GBX 1,565 ($21.62) price target on shares of Morgan Sindall Group in a research report on Wednesday, November 1st.

Shares of Morgan Sindall Group (MGNS) traded up GBX 30 ($0.41) during trading on Tuesday, reaching GBX 1,208 ($16.69). The company had a trading volume of 37,205 shares, compared to its average volume of 65,851. The stock has a market capitalization of $537.74 and a price-to-earnings ratio of 1,285.11. Morgan Sindall Group has a 52 week low of GBX 848 ($11.72) and a 52 week high of GBX 1,520 ($21.00).

In other news, insider John Christopher Morgan sold 50,000 shares of Morgan Sindall Group stock in a transaction dated Friday, December 1st. The stock was sold at an average price of GBX 1,380 ($19.07), for a total transaction of £690,000 ($953,302.02).

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Morgan Sindall Group Company Profile

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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