Morgan Sindall Group (MGNS)

Sector:

Construction and Building Materials

Index:

FTSE Small Cap

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1,268.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 1,494.00
  • 52 Week Low: 1,022.00
  • Currency: UK Pounds
  • Shares Issued: 45.47m
  • Volume: 21,790
  • Market Cap: £576.62m
  • RiskGrade: 146

Countryside is star buy for Jefferies in upbeat housebuilders report

By Sean Farrell

Date: Tuesday 02 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Countryside is the star share among UK housebuilders, Jefferies said as it started coverage of the industry with an upbeat report.
Jefferies rated six British builders \'buy\' and five \'hold\' with no \'sell\' ratings. As well as Countryside, analyst Glynis Johnson and her team recommended buying Barratt Developments, Bellway, McCarthy & Stone, Taylor Wimpey and Watkin Jones.

\"We initiate with a positive stance on UK housebuilders, and our key pick in the sub-sector is Countryside,\" Johnson wrote in a report.

Countryside\'s share price has outperformed peers since its listing but there is more good news to come, the analysts said.

The company\'s partnership business, which works with local authorities or housing associations to build affordable homes, is its best performing division and is undervalued by the market, they said. Countryside could decide to sell or split off its housebuilding business, which shareholders effectively get for free at the company\'s current valuation, they added.

\"We believe this partnership business remains underestimated both in terms of its less cyclical customer demand profile, growth potential and ROCE (return on capital) contribution,\" Johnson wrote.

Jefferies gave \'hold\' ratings to Berkeley Group, Bovis, Crest Nicholson, Persimmon and Redrow.

Among building distributors, Ferguson is the top pick at \'buy\' with SIG and Travis Perkins rated \'hold\'. Contractors Keller and Morgan Sindall are rated \'buy\' and Kier is a \'hold\'.

Investors should stick with shares of estate agents Countrywide and LSL, both rated \'hold\', the analysts said.



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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 1,268.00p
Change Today 10.00p
% Change 0.79 %
52 Week High 1,494.00
52 Week Low 1,022.00
Volume 21,790
Shares Issued 45.47m
Market Cap £576.62m
RiskGrade 146

MGNS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.37% above the market average36.37% above the market average36.37% above the market average36.37% above the market average36.37% above the market average
2.7% below the sector average2.7% below the sector average2.7% below the sector average2.7% below the sector average2.7% below the sector average
Price Trend
16.68% above the market average16.68% above the market average16.68% above the market average16.68% above the market average16.68% above the market average
17.95% above the sector average17.95% above the sector average17.95% above the sector average17.95% above the sector average17.95% above the sector average
Income
62.19% above the market average62.19% above the market average62.19% above the market average62.19% above the market average62.19% above the market average
10.34% above the sector average10.34% above the sector average10.34% above the sector average10.34% above the sector average10.34% above the sector average
Growth
56.84% above the market average56.84% above the market average56.84% above the market average56.84% above the market average56.84% above the market average
43.59% above the sector average43.59% above the sector average43.59% above the sector average43.59% above the sector average43.59% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
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-19 11-Oct-18
Paid 20-May-19 29-Oct-18
Amount 34.00p 19.00p

Trades for 18-Jun-2019

Time Volume / Share Price
16:35 6,568 @ 1,268.00p
16:33 100 @ 1,252.93p
16:33 100 @ 1,252.93p
16:33 100 @ 1,254.56p
16:33 100 @ 1,254.56p

MGNS Key Personnel

CEO John Christopher Morgan
CFO Steve Crummett
Chair Michael Findlay

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