Morgan Sindall Group (MGNS) Given Buy Rating at Peel Hunt

Peel Hunt reissued their buy rating on shares of Morgan Sindall Group (LON:MGNS) in a research report report published on Tuesday morning. Peel Hunt currently has a GBX 1,600 ($21.70) target price on the stock.

MGNS has been the subject of several other reports. Liberum Capital reiterated a buy rating and set a GBX 1,650 ($22.38) target price on shares of Morgan Sindall Group in a report on Friday, November 10th. Numis Securities reiterated an add rating and set a GBX 1,565 ($21.22) target price on shares of Morgan Sindall Group in a report on Wednesday, November 1st.

Morgan Sindall Group (LON MGNS) opened at GBX 1,330 ($18.04) on Tuesday. Morgan Sindall Group has a 1-year low of GBX 808.70 ($10.97) and a 1-year high of GBX 1,520 ($20.61). The stock has a market cap of $594.82 and a P/E ratio of 1,414.89.

In other Morgan Sindall Group news, insider Steve Crummett bought 16,400 shares of the stock in a transaction dated Friday, November 3rd. The stock was purchased at an average cost of GBX 1,500 ($20.34) per share, for a total transaction of £246,000 ($333,604.56). Also, insider John Christopher Morgan sold 50,000 shares of Morgan Sindall Group stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of GBX 1,380 ($18.71), for a total transaction of £690,000 ($935,720.10).

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About Morgan Sindall Group

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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