Morgan Sindall Group (MGNS)

Sector:

Construction and Building Materials

Index:

FTSE 250

2,255.00p
   
  • Change Today:
    -35.00p
  • 52 Week High: 2,370.00
  • 52 Week Low: 1,676.00
  • Currency: UK Pounds
  • Shares Issued: 47.36m
  • Volume: 301,518
  • Market Cap: £1,068.00m
  • RiskGrade: 151

Liberum upgrades Morgan Sindall to 'buy'

By Iain Gilbert

Date: Wednesday 05 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at Liberum upgraded construction and regeneration firm Morgan Sindall from 'hold' to 'buy' on Wednesday following some detailed guidance from the group.
Liberum said MS' first-half results were "weak as expected" with a 57% decline in fully-diluted earnings per share and weakness across the board.

However, with management giving detailed guidance on the group's outlook, the analysts increase their 2020 EPS estimates by 29% despite an impending £9.3m furlough repayment. They did leave it unchanged in 2021 though given "macro uncertainty and high private-sector exposure".

Liberum also increased its 2020 average daily net cash estimate significantly from £23m to £110m and upgraded its target price on Morgan Sindall from 1,225p to 1,300p.

"Total liquidity is more than ample and, although Morgan Sindall is eligible for the CCFF, it has not needed to use the facility," said the analysts.

Email this article to a friend

or share it with one of these popular networks:


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 2,255.00p
Change Today -35.00p
% Change -1.53 %
52 Week High 2,370.00
52 Week Low 1,676.00
Volume 301,518
Shares Issued 47.36m
Market Cap £1,068.00m
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 25-Apr-2024

Time Volume / Share Price
16:36 591 @ 2,255.00p
16:36 2,687 @ 2,255.00p
16:35 3,451 @ 2,255.00p
16:35 30,352 @ 2,255.00p
16:35 8 @ 2,255.00p

MGNS Key Personnel

CEO John Christopher Morgan
Finance Director Steve Crummett
CFO Kelly Gangotra

Top of Page