Morgan Sindall Group (LON:MGNS) Reaches New 52-Week High at $1,924.00

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Morgan Sindall Group plc (LON:MGNS) shares reached a new 52-week high during mid-day trading on Wednesday . The stock 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 increased their target price on Morgan Sindall Group from GBX 1,700 ($22.21) to GBX 1,800 ($23.52) and gave the company a “buy” rating in a research note on Monday, March 1st.

The firm has a 50 day moving average of GBX 1,745.60 and a two-hundred day moving average of GBX 1,476.40. The stock has a market cap of £872.85 million and a P/E ratio of 19.27. The company has a debt-to-equity ratio of 27.61, a quick ratio of 0.81 and a current ratio of 1.13.

The firm also recently announced a dividend, which will be paid on Wednesday, May 19th. Investors of record on Thursday, April 29th will be paid a dividend of GBX 40 ($0.52) per share. This is an increase from Morgan Sindall Group’s previous dividend of $21.00. The ex-dividend date of this dividend is Thursday, April 29th. This represents a yield of 2.42%. Morgan Sindall Group’s dividend payout ratio is presently 0.21%.

In other Morgan Sindall Group news, insider John Christopher Morgan sold 13,321 shares of the company’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of GBX 1,800 ($23.52), for a total value of £239,778 ($313,271.49). Also, insider Steve Crummett sold 12,756 shares of the company’s stock in a transaction that occurred on Wednesday, March 10th. The shares were sold at an average price of GBX 1,776 ($23.20), for a total value of £226,546.56 ($295,984.53). In the last 90 days, insiders have sold 33,616 shares of company stock valued at $60,745,464.

About Morgan Sindall Group (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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