Morgan Sindall Group plc (LON:MGNS – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,150.59 ($26.77) and traded as high as GBX 2,305 ($28.69). Morgan Sindall Group shares last traded at GBX 2,285 ($28.45), with a volume of 22,815 shares.
Analyst Upgrades and Downgrades
Separately, Numis Securities boosted their price target on shares of Morgan Sindall Group from GBX 2,500 ($31.12) to GBX 3,000 ($37.35) and gave the stock a “buy” rating in a research report on Thursday, April 11th.
View Our Latest Research Report on Morgan Sindall Group
Morgan Sindall Group Stock Performance
Morgan Sindall Group Increases Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be paid a dividend of GBX 78 ($0.97) per share. This represents a yield of 3.52%. This is a positive change from Morgan Sindall Group’s previous dividend of $36.00. The ex-dividend date of this dividend is Thursday, April 25th. Morgan Sindall Group’s payout ratio is presently 4,560.00%.
Insider Buying and Selling at Morgan Sindall Group
In related news, insider Steve Crummett sold 27,541 shares of Morgan Sindall Group stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of GBX 2,283 ($28.42), for a total transaction of £628,761.03 ($782,722.56). Company insiders own 11.84% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Morgan Sindall Group
- How to Find Undervalued Stocks
- MarketBeat Week in Review – 4/15 – 4/19
- How to Most Effectively Use the MarketBeat Earnings Screener
- Comprehensive Analysis of PayPal Stock
- Pros And Cons Of Monthly Dividend Stocks
- Intuitive Surgical Stock Can Trend Much Higher This Year
Receive News & Ratings for Morgan Sindall Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Sindall Group and related companies with MarketBeat.com's FREE daily email newsletter.