Morgan Sindall Group Share Price (MGNS)

Bullish daily outside price bar of 10/3/26, encompassed most of the subsequent price action in the subsequent sideways congestion, which now appears to be bullish accumulation if equity. What makes the bullish outside price bar of particular significance is the highest volume day in the 6 month price chart.

The outside price bar enables a future sp forecast of 5280, calculated as outside bar range X 2, added to outside bar high of 4500. The forecast sp also falls within the range of the supply block w/c 16/2/26, high of 5530 and low 5230.

The sp is above the 20 period moving average on both daily and weekly charts, which provides support. Also the volatility based Bollinger bands are separating in both daily and weekly charts implying increasing equity speed. The sp is above the top Bollinger band in both daily and weekly charts indicating the uptrend has resumed. DYOR.

At a market cap of £2.31bn, Profit after tax for 2026 of £200m is easily achievable and implies:

P/E ≈ 11.5

Cash-adjusted P/E ≈ 9–10 (because they run £400m+ net cash)

EV/EBIT extremely low for a company with this quality of earnings

Market is re‑rating it. Patience is key. 5500 hopefully in the next 3 to 6 months. In a year or two this could be knocking on the door of the FTSE 100.

It’s always the same with MS, outlook exceeds previous forecasts, a great share to have in the portfolio and my largest holding thankfully. Long may it continue and with the current order book it should. GLA.

Reassuring. Momentum. Seemingly a solid investment that just keeps delivering.

Agreed. I sold some at 5345 earlier this month. I've topped up today at 5065 (inc tax and fees etc) & will do so again if it drops to around 4600. Most likely sell again as it seems to build nicely before any results, before dropping off again. My target sell price is 5600 for todays purchase.