Morgan Sindall Group (LON:MGNS) Stock Passes Above 200-Day Moving Average of $2,182.48

Shares of Morgan Sindall Group plc (LON:MGNS) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,182.48 ($27.42) and traded as high as GBX 2,365 ($29.71). Morgan Sindall Group shares last traded at GBX 2,355 ($29.59), with a volume of 76,406 shares.

Analysts Set New Price Targets

Separately, Numis Securities raised their price target on shares of Morgan Sindall Group from GBX 2,500 ($31.41) to GBX 3,000 ($37.69) and gave the company a “buy” rating in a report on Thursday, April 11th.

Morgan Sindall Group Trading Up 1.5 %

The business’s 50-day moving average price is GBX 2,294.80 and its two-hundred day moving average price is GBX 2,182.48. The company has a debt-to-equity ratio of 25.42, a current ratio of 1.19 and a quick ratio of 0.87. The company has a market capitalization of £1.11 billion, a P/E ratio of 942.00, a PEG ratio of -68.20 and a beta of 1.24.

Morgan Sindall Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th will be issued a GBX 78 ($0.98) dividend. This represents a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from Morgan Sindall Group’s previous dividend of $36.00. Morgan Sindall Group’s dividend payout ratio is 4,560.00%.

Insiders Place Their Bets

In other Morgan Sindall Group news, insider Steve Crummett sold 27,541 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of GBX 2,283 ($28.68), for a total transaction of £628,761.03 ($789,900.79). Corporate insiders own 11.84% of the company’s stock.

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.