Morgan Sindall Group (LON:MGNS) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Morgan Sindall Group plc (LON:MGNS - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,578.82 ($47.63) and traded as high as GBX 3,655 ($48.64). Morgan Sindall Group shares last traded at GBX 3,635 ($48.38), with a volume of 89,842 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 4,500 ($59.89) price target on shares of Morgan Sindall Group in a report on Friday, May 2nd.

Morgan Sindall Group Stock Up 0.4%

The company has a debt-to-equity ratio of 18.51, a quick ratio of 0.87 and a current ratio of 1.18. The company has a market capitalization of £1.72 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of -68.20 and a beta of 1.31. The stock's fifty day simple moving average is GBX 3,338.87 and its two-hundred day simple moving average is GBX 3,578.82.

Morgan Sindall Group (LON:MGNS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported GBX 278.80 ($3.71) earnings per share for the quarter. Morgan Sindall Group had a net margin of 2.82% and a return on equity of 21.60%. On average, sell-side analysts anticipate that Morgan Sindall Group plc will post 238.9649924 EPS for the current year.

Morgan Sindall Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 24th were paid a dividend of GBX 90 ($1.20) per share. The ex-dividend date was Thursday, April 24th. This is a positive change from Morgan Sindall Group's previous dividend of $41.50. This represents a yield of 3.06%. Morgan Sindall Group's dividend payout ratio is currently 45.17%.

Insider Buying and Selling at Morgan Sindall Group

In other Morgan Sindall Group news, insider John Christopher Morgan sold 18,262 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of GBX 3,120 ($41.52), for a total transaction of £569,774.40 ($758,283.74). Also, insider Kelly Gangotra purchased 932 shares of Morgan Sindall Group stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of GBX 3,185 ($42.39) per share, with a total value of £29,684.20 ($39,505.19). Insiders own 11.05% of the company's stock.

About Morgan Sindall Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.