Morgan Sindall Group plc (LON:MGNS - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 4,500 ($59.29) target price on shares of Morgan Sindall Group in a research report on Friday, May 2nd.
View Our Latest Research Report on Morgan Sindall Group
Morgan Sindall Group Stock Up 0.4%
The firm has a market capitalization of £1.70 billion, a P/E 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. The stock has a 50 day moving average of GBX 3,305.98 and a 200-day moving average of GBX 3,584.72.
Morgan Sindall Group (LON:MGNS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported GBX 278.80 ($3.67) 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%. Research analysts predict 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 declared a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 24th will be given a GBX 90 ($1.19) dividend. The ex-dividend date is Thursday, April 24th. This is a boost from Morgan Sindall Group's previous dividend of $41.50. This represents a dividend yield of 3.06%. Morgan Sindall Group's payout ratio is 45.17%.
Insider Activity at Morgan Sindall Group
In related news, insider Kelly Gangotra bought 932 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was acquired 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 business's 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 transaction of £569,774.40 ($750,690.91). 11.05% of the stock is currently owned by corporate insiders.
Morgan Sindall Group Company Profile
(
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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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