Morgan Sindall Group (LON:MGNS) Reaches New 1-Year High at $1,924.00

Morgan Sindall Group plc (LON:MGNS) reached a new 52-week high on Wednesday . The company traded as high as GBX 1,924 ($25.14) and last traded at GBX 1,890 ($24.69), with a volume of 61914 shares. The stock had previously closed at GBX 1,888 ($24.67).

Separately, Liberum Capital boosted their price target on Morgan Sindall Group from GBX 1,700 ($22.21) to GBX 1,800 ($23.52) and gave the stock a “buy” rating in a report on Monday, March 1st.

The company has a market capitalization of £880.80 million and a price-to-earnings ratio of 19.37. The stock has a fifty day moving average price of GBX 1,762.56 and a two-hundred day moving average price of GBX 1,483.89. The company has a quick ratio of 0.81, a current ratio of 1.13 and a debt-to-equity ratio of 27.61.

The business also recently declared a dividend, which will be paid on Wednesday, May 19th. Stockholders of record on Thursday, April 29th will be issued a GBX 40 ($0.52) dividend. This represents a dividend yield of 2.42%. This is a boost from Morgan Sindall Group’s previous dividend of $21.00. The ex-dividend date of this dividend is Thursday, April 29th. Morgan Sindall Group’s payout ratio is 0.21%.

In other news, insider Steve Crummett sold 12,756 shares of Morgan Sindall Group stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of GBX 1,776 ($23.20), for a total value of £226,546.56 ($295,984.53). Also, insider John Christopher Morgan sold 7,539 shares of Morgan Sindall Group stock in a transaction on Friday, April 9th. The shares were sold at an average price of GBX 1,872 ($24.46), for a total value of £141,130.08 ($184,387.35). Over the last three months, insiders sold 33,616 shares of company stock valued at $60,745,464.

Morgan Sindall Group Company Profile (LON:MGNS)

Morgan Sindall Group plc operates as a construction and regeneration company in the United Kingdom. The company operates in six divisions: Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, Urban Regeneration, and Investments. The Construction & Infrastructure division offers infrastructure services to highways, rail, aviation, energy, water, and nuclear markets; and construction services in education, healthcare, defence, commercial, industrial, leisure, and retail markets.

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