Morgan Sindall Group (MGNS)

Sector:

Construction and Building Materials

Index:

FTSE 250

2,290.00p
   
  • Change Today:
    -40.00p
  • 52 Week High: 2,350.00
  • 52 Week Low: 1,676.00
  • Currency: UK Pounds
  • Shares Issued: 47.36m
  • Volume: 82,288
  • Market Cap: £1,084.57m
  • RiskGrade: 151

Morgan Sindall to commence work on New Victoria scheme

By Iain Gilbert

Date: Monday 27 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Construction and regeneration group Morgan Sindall reached an agreement on Monday to commence work on the first phase of its £185m New Victoria scheme in Manchester city centre.
Adjacent to Manchester Victoria train station, the first phase of Morgan Sindall's scheme was for 450,000 square feet of residential development, with construction expected to complete in 2023.

The FTSE 250-listed firm also added that proposals were underway to bring forward the second phase of the wider New Victoria scheme, developed in partnership with Network Rail and with support from Manchester City Council and Homes England.

Chief executive John Morgan said: "We are pleased to have agreed our second major forward funded deal in recent weeks, which further reinforces our regeneration strategy.

"We look forward to working with our partners to deliver a transformational scheme on an underutilised site in the heart of Manchester's city centre".

As of 0830 BST, Morgan Sindall shares were up 4.09% at 1,120p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MGNS Market Data

Currency UK Pounds
Share Price 2,290.00p
Change Today -40.00p
% Change -1.72 %
52 Week High 2,350.00
52 Week Low 1,676.00
Volume 82,288
Shares Issued 47.36m
Market Cap £1,084.57m
RiskGrade 151

MGNS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.86% below the market average6.86% below the market average6.86% below the market average6.86% below the market average6.86% below the market average
41.46% below the sector average41.46% below the sector average41.46% below the sector average41.46% below the sector average41.46% below the sector average
Price Trend
63.07% above the market average63.07% above the market average63.07% above the market average63.07% above the market average63.07% above the market average
46.34% above the sector average46.34% above the sector average46.34% above the sector average46.34% above the sector average46.34% above the sector average
Income
78.95% above the market average78.95% above the market average78.95% above the market average78.95% above the market average78.95% above the market average
82.35% above the sector average82.35% above the sector average82.35% above the sector average82.35% above the sector average82.35% above the sector average
Growth
27.23% above the market average27.23% above the market average27.23% above the market average27.23% above the market average27.23% above the market average
21.95% above the sector average21.95% above the sector average21.95% above the sector average21.95% above the sector average21.95% above the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 6
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MGNS Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 05-Oct-23
Paid 16-May-24 26-Oct-23
Amount 78.00p 36.00p

Trades for 24-Apr-2024

Time Volume / Share Price
16:43 9 @ 2,289.44p
16:36 721 @ 2,290.00p
16:36 4,208 @ 2,290.00p
16:36 6,520 @ 2,290.00p
16:35 27,251 @ 2,290.00p

MGNS Key Personnel

CEO John Christopher Morgan
Finance Director Steve Crummett
CFO Kelly Gangotra

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