Morgan Sindall Group (LON:MGNS) Stock Passes Above 200 Day Moving Average - Here's Why

Morgan Sindall Group plc (LON:MGNS - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,578.82 ($47.93) and traded as high as GBX 3,655 ($48.95). Morgan Sindall Group shares last traded at GBX 3,635 ($48.68), with a volume of 89,842 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 4,500 ($60.27) target price on shares of Morgan Sindall Group in a research report on Friday, May 2nd.

Morgan Sindall Group Price Performance

The stock's 50-day simple moving average is GBX 3,382.55 and its 200 day simple moving average is GBX 3,577.08. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 18.51. The company has a market cap of £1.78 billion, a price-to-earnings ratio of 14.21, a PEG ratio of -68.20 and a beta of 1.31.

Morgan Sindall Group (LON:MGNS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported GBX 278.80 ($3.73) earnings per share (EPS) for the quarter. Morgan Sindall Group had a net margin of 2.82% and a return on equity of 21.60%. On average, equities research analysts anticipate that Morgan Sindall Group plc will post 238.9649924 EPS for the current fiscal year.

Morgan Sindall Group Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 24th were paid a GBX 90 ($1.21) dividend. This is a positive change from Morgan Sindall Group's previous dividend of $41.50. This represents a yield of 3.06%. The ex-dividend date was Thursday, April 24th. Morgan Sindall Group's dividend payout ratio is currently 45.17%.

Insider Buying and Selling

In other news, insider Kelly Gangotra bought 932 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of GBX 3,185 ($42.65) per share, for a total transaction of £29,684.20 ($39,753.85). Also, insider John Christopher Morgan sold 18,262 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of GBX 3,120 ($41.78), for a total value of £569,774.40 ($763,056.65). Corporate insiders own 11.05% of the company's stock.

Morgan Sindall Group Company Profile

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.