Morgan Sindall Group plc (LON:MGNS - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,577.25 ($47.13) and traded as high as GBX 3,625 ($47.76). Morgan Sindall Group shares last traded at GBX 3,620 ($47.69), with a volume of 39,646 shares.
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 4,500 ($59.29) price objective on shares of Morgan Sindall Group in a report on Friday, May 2nd.
Check Out Our Latest Research Report on Morgan Sindall Group
Morgan Sindall Group Price Performance
The company has a fifty day simple moving average of GBX 3,305.98 and a two-hundred day simple moving average of GBX 3,584.72. The stock has a market capitalization of £1.70 billion, a price-to-earnings ratio of 13.59, a PEG ratio of -68.20 and a beta of 1.31. The company has a debt-to-equity ratio of 18.51, a quick ratio of 0.87 and a current ratio of 1.18.
Morgan Sindall Group (LON:MGNS - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported GBX 278.80 ($3.67) EPS for the quarter. Morgan Sindall Group had a net margin of 2.82% and a return on equity of 21.60%. As a group, equities research analysts expect that Morgan Sindall Group plc will post 238.9649924 earnings per share for the current fiscal year.
Morgan Sindall Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 24th will be paid a GBX 90 ($1.19) dividend. This is an increase from Morgan Sindall Group's previous dividend of $41.50. The ex-dividend date of this dividend is Thursday, April 24th. This represents a yield of 3.06%. Morgan Sindall Group's dividend payout ratio is presently 45.17%.
Insider Buying and Selling
In other news, insider Kelly Gangotra acquired 932 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of GBX 3,185 ($41.96) per share, for a total transaction of £29,684.20 ($39,109.62). Also, insider John Christopher Morgan sold 18,262 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of GBX 3,120 ($41.11), for a total value of £569,774.40 ($750,690.91). 11.05% of the stock is currently owned by corporate insiders.
About Morgan Sindall Group
(
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Morgan Sindall Group plc, the Partnerships, Fit Out and Construction Services Group, reported an annual revenue of £4.5bn in the full year 2024. The Group employs over 8,000 employees and operates in the public, regulated and private sectors. It reports through six divisions of Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure and Property Services.
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