By Michele Maatouk
Date: Tuesday 25 Mar 2025
LONDON (ShareCast) - (Sharecast News) - Morgan Sindall surged on Tuesday as it said 2025 profits were set to be "slightly" ahead of market consensus following a stronger-than-expected performance from the Fit Out division.
Consensus expectations are for pre-tax profit of £178m.
The construction and regeneration company said that since its full-year results on 26 February, trading momentum in the Fit Out division has accelerated and is now expected to exceed both the group's previous expectations and the top-end of its revised medium term targets of £60m to £85m.
All other divisions are broadly on track to perform in line with the company's previous guidance and expectations, it said in a brief trading update.
At 0820 GMT, the shares were up 9.4% at 3,325p.
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Currency | UK Pounds |
Share Price | 3,635.00p |
Change Today | 45.00p |
% Change | 1.25 % |
52 Week High | 3,955.00p |
52 Week Low | 2,415.00p |
Volume | 89,849 |
Shares Issued | 48.01m |
Market Cap | £1,745.28m |
Beta | 0.00 |
RiskGrade | 151 |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 3 |
Buy | 3 |
Neutral | 1 |
Sell | 0 |
Strong Sell | 0 |
Total | 7 |
Latest | Previous | |
---|---|---|
Final | Interim | |
Ex-Div | 24-Apr-25 | 03-Oct-24 |
Paid | 15-May-25 | 24-Oct-24 |
Amount | 90.00p | 41.50p |
Time | Volume / Share Price |
16:07 | 0 @ 3,645.00p |
17:19 | 1,046 @ 3,635.00p |
17:19 | 193 @ 3,635.00p |
17:19 | 922 @ 3,635.00p |
16:35 | 25,944 @ 3,635.00p |
CEO | John Christopher Morgan |
CFO | Kelly Gangotra |
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