London, February 15, 2026, 16:48 GMT — Market closed
Shares of Morgan Sindall Group (MGNS.L) closed 1.7% higher on Friday, finishing at 5,400 pence. The UK contractor picked up fresh price target hikes from both Berenberg and Deutsche Bank, according to 7 .
The London market is closed for the weekend, leaving the stock hovering just beneath its 52-week peak at 5,540 pence as it heads into Monday. Investors now look ahead to the company’s results on Feb. 25. 1
The timing’s key here. These new targets play up the usual push for “visibility” in Fit Out—the office overhaul and interior segment that’s powered much of the upgrade cycle. Shares are hovering near recent highs; investors are looking for straightforward figures, not just bullish talk.
Deutsche Bank stuck with its “buy” call and bumped its target up to 5,500p from 5,000p after Morgan Sindall boosted 2026 Fit Out EBIT guidance to well over 100 million pounds. The bank raised its own 2026 pre-tax profit estimate by 10%, now seeing 216 million pounds. It also pointed to a 17% climb in Morgan Sindall’s combined secured order book and “preferred bidder” pipeline, which now sits at roughly 19 billion pounds. 2
Berenberg bumped its target price up to 5,800p from 5,400p, sticking with its buy recommendation. Analysts described the announcement as “another very strong update” and increased their 2026 Fit Out EBIT forecast to 110 million pounds. The group profit-before-tax estimate climbed by roughly 8%. 3
Morgan Sindall finished Friday ahead of the broader UK mid-cap pack, while the FTSE 250 ended roughly 0.5% higher. 4
The group’s businesses cover Partnerships, Fit Out, and Construction Services. Its partnerships arm includes Lovell and Muse Places, while Morgan Lovell and Overbury handle fit out. BakerHicks, Morgan Sindall Construction, Infrastructure, and Property Services round out the construction services division. 5
John Morgan is at the helm as chief executive, while Kelly Gangotra holds the CFO post, details from the group’s website show. 6
Still, the bullish scenario isn’t locked in. Fit Out demand could falter if office relocations or corporate budgets tighten. And those “preferred bidder” deals? They’re not immune to delays—clients might drag their feet on contracts, or push for fresh pricing.
Morgan Sindall shares have their next catalyst on Feb. 25. Investors are eyeing the full-year results, hoping for specifics on the 2026 margin targets, plus clarity on whether cash returns can keep pace with the higher earnings expectations flagged in recent broker notes.
