Morgan Sindall Group plc (MGNS) Insider Sells £690,000 in Stock

Morgan Sindall Group plc (LON:MGNS) insider John Christopher Morgan sold 50,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of GBX 1,380 ($18.48), for a total transaction of £690,000 ($924,065.89).

Morgan Sindall Group plc (LON MGNS) opened at GBX 1,381 ($18.49) on Monday. Morgan Sindall Group plc has a 1-year low of GBX 715.50 ($9.58) and a 1-year high of GBX 1,520 ($20.36).

Several research firms have commented on MGNS. Numis Securities increased their price objective on shares of Morgan Sindall Group from GBX 1,350 ($18.08) to GBX 1,565 ($20.96) and gave the company an “add” rating in a report on Tuesday, August 8th. Peel Hunt increased their price target on shares of Morgan Sindall Group from GBX 1,400 ($18.75) to GBX 1,500 ($20.09) and gave the company a “buy” rating in a report on Tuesday, August 8th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,650 ($22.10) price target on shares of Morgan Sindall Group in a report on Friday, November 10th.

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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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