STOCKS NEWS EUROPE-Morgan Sindall up, sees year in line

Shares in Morgan Sindall (MGNS.L) rise 4.2 percent after the construction group says it is on track to meet full-year expectations despite challenging market conditions.

"Similar to Kier's comments yesterday, construction is performing strongly although the statement points to considerable uncertainty surrounding future public spending commitments," says Arbuthnot analyst Kate Moy.

She adds her sum of the parts valuation of 655 pence gives 18 percent upside from current share price levels.

Panmure Gordon says it remains positive on the stock given its attractive dividend yield.

To see Morgan Sindall's statement please click on [ID:nRnsJ2289C]

Reuters messaging rm://victoria.bryan.reuters.com@reuters.net