Morgan Sindall Group (LON:MGNS) Stock Crosses Above Two Hundred Day Moving Average of $2,273.77

Morgan Sindall Group plc (LON:MGNS)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,273.77 ($29.71) and traded as high as GBX 2,335 ($30.51). Morgan Sindall Group shares last traded at GBX 2,315 ($30.25), with a volume of 29,989 shares trading hands.

Separately, Liberum Capital restated a “buy” rating and issued a GBX 2,600 ($33.97) target price on shares of Morgan Sindall Group in a research note on Wednesday, August 4th.

The company has a debt-to-equity ratio of 28.52, a current ratio of 1.13 and a quick ratio of 0.84. The stock has a market cap of £1.09 billion and a price-to-earnings ratio of 14.66. The firm has a fifty day moving average of GBX 2,467.34 and a 200 day moving average of GBX 2,274.23.

The business also recently declared a dividend, which will be paid on Tuesday, October 26th. Investors of record on Thursday, October 7th will be issued a dividend of GBX 30 ($0.39) per share. This represents a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, October 7th. Morgan Sindall Group’s dividend payout ratio is currently 43.59%.

In other news, insider Steve Crummett sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 9th. The stock was sold at an average price of GBX 2,324 ($30.36), for a total transaction of £581,000 ($759,080.22).

Morgan Sindall Group Company Profile (LON:MGNS)

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

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