Morgan Sindall Group (MGNS)

Sector:

Construction and Building Materials

Index:

FTSE 250

 2,345.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 2,360.00
  • 52 Week Low: 1,608.00
  • Currency: UK Pounds
  • Shares Issued: 47.36m
  • Volume: 42,513
  • Market Cap: £1,110.59m
  • RiskGrade: 151

Morgan Sindall confidence on outlook despite market conditions

By Alexander Bueso

Date: Thursday 02 Nov 2023

LONDON (ShareCast) - (Sharecast News) - Morgan Sindall sounded a confident note on the outlook despite the "challenging market conditions".
"General market conditions remain challenging yet manageable. Against this backdrop, our high-quality secured order book and our operational delivery capabilities give us great confidence for the rest of the year and we're on track to deliver a full year performance which is in line with our expectations," said chief executive officer John Morgan.

By business units, the company said that strength in Fit Out, Construction and Infrastructure were offsetting weakness in Property Services.

Partnership Housing and Urban Regeneration meanwhile were progressing as planned.

The company's workload was described as "growing" and of "high quality", with the total secured order book ahead by 7% as of 30 September.

Average daily net cash for the full-year was seen at approximately £270m, which was slightly higher than previous guidance.

As of 1347 GMT, shares of Morgan Sindall were bouncing back sharply to trade up by 4.74% to 1,988.0p.

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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 2,345.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 2,360.00
52 Week Low 1,608.00
Volume 42,513
Shares Issued 47.36m
Market Cap £1,110.59m
RiskGrade 151

MGNS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.4% below the market average14.4% below the market average14.4% below the market average14.4% below the market average14.4% below the market average
47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average
Price Trend
79.65% above the market average79.65% above the market average79.65% above the market average79.65% above the market average79.65% above the market average
85.37% above the sector average85.37% above the sector average85.37% above the sector average85.37% above the sector average85.37% above the sector average
Income
67.71% above the market average67.71% above the market average67.71% above the market average67.71% above the market average67.71% above the market average
43.75% above the sector average43.75% above the sector average43.75% above the sector average43.75% above the sector average43.75% above the sector average
Growth
12.80% above the market average12.80% above the market average12.80% above the market average12.80% above the market average12.80% above the market average
7.32% below the sector average7.32% below the sector average7.32% below the sector average7.32% below the sector average7.32% below 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 01-Mar-2024

Time Volume / Share Price
16:35 19,034 @ 2,345.00p
16:35 1 @ 2,345.00p
16:35 132 @ 2,345.00p
16:35 103 @ 2,345.00p
16:35 105 @ 2,345.00p

MGNS Key Personnel

CEO John Christopher Morgan
Finance Director Steve Crummett

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