Morgan Sindall Group (LON:MGNS) Stock Passes Above Two Hundred Day Moving Average of $2,334.07

Morgan Sindall Group plc (LON:MGNS)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,334.07 ($29.52) and traded as high as GBX 2,614.85 ($33.07). Morgan Sindall Group shares last traded at GBX 2,610 ($33.01), with a volume of 89,694 shares.

Wall Street Analysts Forecast Growth

Separately, Numis Securities upped their target price on Morgan Sindall Group from GBX 2,500 ($31.62) to GBX 3,000 ($37.95) and gave the stock a “buy” rating in a report on Thursday, April 11th.

Morgan Sindall Group Stock Up 1.0 %

The company has a debt-to-equity ratio of 25.42, a current ratio of 1.19 and a quick ratio of 0.87. The firm’s 50 day moving average is GBX 2,493.79 and its two-hundred day moving average is GBX 2,334.07. The firm has a market capitalization of £1.22 billion, a P/E ratio of 1,039.84, a PEG ratio of -68.20 and a beta of 1.23.

Morgan Sindall Group Company Profile

Morgan Sindall Group plc operates as a construction and regeneration company in the United Kingdom. It operates through six segments: Construction, Infrastructure, Fit Out, Property Services, Partnership Housing, and Urban Regeneration. The Infrastructure segment provides infrastructure services to highways, rail, energy, water, and nuclear markets.