Morgan Sindall Group (LON:MGNS) Stock Price Passes Above Two Hundred Day Moving Average of $2,316.55

Morgan Sindall Group plc (LON:MGNS) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,316.55 ($29.39) and traded as high as GBX 2,615 ($33.17). Morgan Sindall Group shares last traded at GBX 2,570 ($32.60), with a volume of 170,398 shares traded.

Analysts Set New Price Targets

Separately, Numis Securities raised their price objective on Morgan Sindall Group from GBX 2,500 ($31.71) to GBX 3,000 ($38.06) and gave the stock a “buy” rating in a research note on Thursday, April 11th.

Morgan Sindall Group Trading Down 1.2 %

The firm has a market cap of £1.19 billion, a price-to-earnings ratio of 1,023.90, a PEG ratio of -68.20 and a beta of 1.23. The company has a 50-day moving average price of GBX 2,460.70 and a 200 day moving average price of GBX 2,316.55. The company has a quick ratio of 0.87, a current ratio of 1.19 and a debt-to-equity ratio of 25.42.

About Morgan Sindall Group

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.