Morgan Sindall Group plc (LON:MGNS – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,164.72 ($26.74) and traded as high as GBX 2,290 ($28.29). Morgan Sindall Group shares last traded at GBX 2,265 ($27.98), with a volume of 90,717 shares traded.
Wall Street Analyst Weigh In
Separately, Numis Securities upped their price objective on shares of Morgan Sindall Group from GBX 2,500 ($30.88) to GBX 3,000 ($37.06) and gave the stock a “buy” rating in a report on Thursday, April 11th.
Get Our Latest Stock Report on MGNS
Morgan Sindall Group Stock Performance
Morgan Sindall Group Increases Dividend
The firm also recently declared a dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be paid a GBX 78 ($0.96) dividend. This represents a dividend yield of 3.52%. This is a positive change from Morgan Sindall Group’s previous dividend of $36.00. The ex-dividend date is Thursday, April 25th. Morgan Sindall Group’s dividend payout ratio (DPR) is presently 4,560.00%.
Insider Buying and Selling
In related news, insider Steve Crummett sold 27,541 shares of the stock in a transaction dated Tuesday, March 5th. The shares were 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 company insiders.
About Morgan Sindall Group
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.
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