London, February 15, 2026, 16:48 GMT — Market closed
Morgan Sindall Group (MGNS.L) shares ended Friday up 1.7% at 5,400 pence. Berenberg and Deutsche Bank raised their price targets on the UK contractor. (London South East)
London markets are shut for the weekend, but the stock goes into Monday near its 52-week high of 5,540 pence. The next clear catalyst is the company’s Feb. 25 results. (Investing)
The timing matters because the new targets lean on a familiar theme: more “visibility” in Fit Out, the office refurbishment and interior work that has been driving upgrades. With the share price already close to recent peaks, investors tend to want clean numbers, not just tone.
Deutsche Bank kept a “buy” rating and lifted its target price to 5,500p from 5,000p after Morgan Sindall raised 2026 guidance for Fit Out earnings before interest and tax (EBIT) — a measure of operating profit — to well above 100 million pounds. The bank also lifted its 2026 profit-before-tax forecast by 10% to 216 million pounds and flagged a 17% rise in the combined secured order book and “preferred bidder” pipeline to about 19 billion pounds. (Proactiveinvestors UK)
Berenberg raised its target price to 5,800p from 5,400p and reiterated a buy stance. It called the update “another very strong update” and lifted its 2026 Fit Out EBIT view to 110 million pounds, raising its group profit-before-tax estimate by about 8%. (Bank of Scotland Investments)
Morgan Sindall also outpaced the wider UK mid-cap market on Friday, with the FTSE 250 up about 0.5% at the close. (Hargreaves Lansdown)
The group operates across Partnerships, Fit Out and Construction Services, with brands including Lovell and Muse Places in partnerships, Morgan Lovell and Overbury in fit out, plus BakerHicks, Morgan Sindall Construction, Infrastructure and Property Services. (Morgan Sindall Group)
Chief Executive John Morgan leads the company, with Kelly Gangotra as chief financial officer, according to the group’s website. (Morgan Sindall Group)
But the upside case still has moving parts. Fit Out work can cool if office moves and corporate spending slow, while “preferred bidder” schemes can slip if clients take longer to sign contracts or reprice projects.
For Morgan Sindall shares, the next read-across is Feb. 25: investors will look for the full-year numbers, any detail behind the 2026 margin outlook, and whether cash returns match the higher earnings bar set by the latest broker notes.
