On October 15, 2023, insider John Christopher Morgan sold 28,458 shares of Morgan Sindall Group plc for a total of £1,408,671. The transaction, executed at an average price of GBX 4,950 per share, highlights significant insider trading activity within the company.
Morgan Sindall Group’s stock opened at GBX 4,727.79 on October 16, reflecting a market capitalization of £2.22 billion. The company has shown a price-to-earnings (P/E) ratio of 15.21 and a negative price-to-earnings growth (P/E/G) ratio of -68.20, with a beta of 1.31, indicating higher volatility compared to the market.
Financial Overview
Morgan Sindall Group’s financial metrics reveal a debt-to-equity ratio of 18.51, complemented by a current ratio of 1.18 and a quick ratio of 0.87. The company’s stock has demonstrated a 50-day simple moving average of GBX 4,447.05 and a 200-day simple moving average of GBX 4,156.71. In the past year, the stock reached a low of GBX 2,900 and a high of GBX 4,995.
The company last reported its earnings on July 29, 2023, announcing earnings per share (EPS) of GBX 153.10 for the quarter. With a return on equity of 21.60% and a net margin of 2.82%, Morgan Sindall Group is positioned strongly within its sector. Analysts predict an EPS of approximately 238.96 for the current fiscal year.
About Morgan Sindall Group
Morgan Sindall Group plc is a construction and infrastructure services company, generating annual revenue of £4.5 billion for the full year 2024. The firm employs over 8,000 individuals and operates across various sectors, including public, regulated, and private markets. It comprises six divisions: Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure, and Property Services.
The recent insider sale may prompt further scrutiny from investors regarding the company’s future performance. As the market continues to evolve, stakeholders will be keen to monitor any additional movements by insiders and the company’s overall financial health.
