Morgan Sindall Group (LON:MGNS) Stock Passes Above 200-Day Moving Average of $2,164.72

Morgan Sindall Group plc (LON:MGNS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,164.72 ($26.74) and traded as high as GBX 2,290 ($28.29). Morgan Sindall Group shares last traded at GBX 2,265 ($27.98), with a volume of 90,717 shares.

Analyst Upgrades and Downgrades

Separately, Numis Securities raised their target price on shares of Morgan Sindall Group from GBX 2,500 ($30.88) to GBX 3,000 ($37.06) and gave the stock a “buy” rating in a research note on Thursday, April 11th.

Morgan Sindall Group Trading Up 0.4 %

The business’s 50 day moving average price is GBX 2,287.32 and its 200-day moving average price is GBX 2,164.72. The company has a current ratio of 1.19, a quick ratio of 0.87 and a debt-to-equity ratio of 25.42. The company has a market cap of £1.05 billion, a price-to-earnings ratio of 906.00, a PEG ratio of -68.20 and a beta of 1.24.

Morgan Sindall Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be given a dividend of GBX 78 ($0.96) per share. This represents a yield of 3.52%. This is a positive change from Morgan Sindall Group’s previous dividend of $36.00. The ex-dividend date is Thursday, April 25th. Morgan Sindall Group’s dividend payout ratio (DPR) is currently 4,560.00%.

Insider Buying and Selling

In related news, insider Steve Crummett sold 27,541 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of GBX 2,283 ($28.20), for a total transaction of £628,761.03 ($776,631.71). 11.84% of the stock is owned by insiders.

About Morgan Sindall Group

Morgan Sindall Group plc operates as a construction and regeneration company in the United Kingdom. It operates through six segments: Construction, Infrastructure, Fit Out, Property Services, Partnership Housing, and Urban Regeneration. The Infrastructure segment provides infrastructure services to highways, rail, energy, water, and nuclear markets.