John Christopher Morgan, an insider at Morgan Sindall Group plc, sold 28,458 shares of the company on October 15, 2023. The transaction, executed at an average price of GBX 4,950, amounted to a total value of £1,408,671.
Current Stock Performance
Following this sale, Morgan Sindall Group opened at GBX 4,727.79 on the subsequent trading day. The firm has a market capitalization of approximately £2.22 billion and reports a price-to-earnings (P/E) ratio of 15.21. The company also has a P/E/G ratio of -68.20 and a beta of 1.31, indicating that its stock is somewhat volatile compared to the market.
The financial health of Morgan Sindall Group is further illustrated by its debt-to-equity ratio of 18.51, a current ratio of 1.18, and a quick ratio of 0.87. Over the last year, the stock has fluctuated significantly, reaching a low of GBX 2,900 and a high of GBX 4,995. As of now, the 50-day and 200-day simple moving averages stand at GBX 4,447.05 and GBX 4,156.71, respectively.
Recent Financial Results
With annual revenues of £4.5 billion in full-year 2024, Morgan Sindall Group employs over 8,000 individuals and operates across various sectors, including public, regulated, and private industries. The company is structured into six divisions: Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure, and Property Services.
This insider sale comes at a time when the company continues to demonstrate resilience in a challenging economic environment, showcasing its diversified portfolio and strategic positioning within the construction sector.
For those interested in ongoing updates and analyses regarding Morgan Sindall Group and similar entities, subscribing to financial newsletters can provide concise daily summaries of the latest news and stock ratings.
