BofA Ups Morgan Sindall Price Objective, Estimates on 'Likely' Fit-out Expectations Beat

02:52 AM EST, 01/06/2026 (MT Newswires) -- BofA Global Research raised its price objective and projections for Morgan Sindall Group (MGNS.L), expecting the British construction company to "likely" exceed its fit-out forecasts again. "We anticipate another beat and raise in the near term, given the company's (very) conservative communication of a >30% fit-out profit decline yoy in 2026 (vs +40% in 2025). Construction companies usually have low earnings visibility at the start of each project, and more competitors are entering the fit-out market," analysts said Monday. "Morgan Sindall has upgraded guidance nine times (and downgraded once) in the past 10 years, ahead of its major peers." As such, the research firm now forecasts EPS of 3.3693 pounds for 2026, up from the previous 3.3372 pounds. For 2027, analysts estimate EPS at 3.4924 pounds, against the prior 3.4434 pounds. Reiterating the buy rating, the stock's price objective was increased to 55 pounds from 52 pounds. The company was also added to BofA's SMID Cap Europe Best Ideas List.