Morgan Sindall Group plc (LON:MGNS) to Issue Dividend of GBX 78

Morgan Sindall Group plc (LON:MGNS) declared a dividend on Thursday, February 22nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 25th will be given a dividend of GBX 78 ($0.96) per share on Thursday, May 16th. This represents a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from Morgan Sindall Group’s previous dividend of $36.00. The official announcement can be viewed at this link.

Morgan Sindall Group Trading Up 1.1 %

Morgan Sindall Group stock opened at GBX 2,320 ($28.66) on Tuesday. The stock has a market cap of £1.07 billion, a P/E ratio of 918.00, a PEG ratio of -68.20 and a beta of 1.24. Morgan Sindall Group has a fifty-two week low of GBX 1,604 ($19.81) and a fifty-two week high of GBX 2,483 ($30.67). The firm’s fifty day moving average price is GBX 2,280.03 and its 200-day moving average price is GBX 2,157.98. The company has a debt-to-equity ratio of 25.42, a quick ratio of 0.87 and a current ratio of 1.19.

Insider Activity at Morgan Sindall Group

In related news, insider Steve Crummett sold 27,541 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of GBX 2,283 ($28.20), for a total value of £628,761.03 ($776,631.71). 11.84% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Numis Securities increased their target price on Morgan Sindall Group from GBX 2,500 ($30.88) to GBX 3,000 ($37.06) and gave the company a “buy” rating in a research note on Thursday, April 11th.

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.