Morgan Sindall Group (LON:MGNS) Shares Cross Above Two Hundred 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.

Wall Street Analyst Weigh In

Separately, Numis Securities lifted their target price on 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 company has a quick ratio of 0.87, a current ratio of 1.19 and a debt-to-equity ratio of 25.42. The firm has a 50 day moving average price of GBX 2,287.32 and a two-hundred day moving average price of GBX 2,164.72. 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 business also recently announced a dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th will be paid a GBX 78 ($0.96) dividend. This represents a dividend yield of 3.52%. The ex-dividend date is Thursday, April 25th. This is a positive change from Morgan Sindall Group’s previous dividend of $36.00. Morgan Sindall Group’s payout ratio is 4,560.00%.

Insider Activity

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 ($28.20), for a total transaction of £628,761.03 ($776,631.71). 11.84% of the stock is currently owned by corporate 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.