Morgan Sindall tops FTSE mid-caps after positive 2026 forecast

Morgan Sindall

12/02/2026 09:08

** Morgan Sindall shares MGNS.L jump about 7% to 5,400p, top gainer on FTMC mid-cap index .FTMC, which is down 0.1%

** Construction firm expects 2026 results ahead of forecasts as orderbook rises 17% entering the year

** Peel Hunt raises PT to street-high 5,500p from 5,000p, reiterates "add" rating - data compiled by LSEG

** Brokerage says co may face pressure to review capital allocation, noting that within its subsector, MGNS is the only company not to have returned surplus cash via share buyback/special dividend

** YTD, up to Wednesday's close, stock rose about 38.5% vs nearly 4% increase in FTMC

($1 = 0.7338 pounds)

(Reporting by Simone Lobo in Bengaluru)

((Simone.Lobo@thomsonreuters.com, +919920570373))