Morgan Sindall Group (LON:MGNS) Shares Cross Above 200-Day Moving Average of $2,150.59

Morgan Sindall Group plc (LON:MGNS)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,150.59 ($26.77) and traded as high as GBX 2,305 ($28.69). Morgan Sindall Group shares last traded at GBX 2,285 ($28.45), with a volume of 22,815 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Numis Securities boosted their price target on shares of Morgan Sindall Group from GBX 2,500 ($31.12) to GBX 3,000 ($37.35) and gave the company a “buy” rating in a report on Thursday, April 11th.

Morgan Sindall Group Stock Performance

The firm has a 50-day simple moving average of GBX 2,277.03 and a two-hundred day simple moving average of GBX 2,150.59. The company has a current ratio of 1.19, a quick ratio of 0.87 and a debt-to-equity ratio of 25.42. The company has a market capitalization of £1.04 billion, a price-to-earnings ratio of 914.00, a price-to-earnings-growth ratio of -68.20 and a beta of 1.24.

Morgan Sindall Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be issued a GBX 78 ($0.97) dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a yield of 3.52%. This is an increase from Morgan Sindall Group’s previous dividend of $36.00. Morgan Sindall Group’s dividend payout ratio is currently 4,560.00%.

Insider Buying and Selling at Morgan Sindall Group

In other news, insider Steve Crummett sold 27,541 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of GBX 2,283 ($28.42), for a total transaction of £628,761.03 ($782,722.56). Corporate insiders own 11.84% of the company’s stock.

Morgan Sindall Group Company Profile

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.