Peel Hunt Raises Morgan Sindall Group (LON:MGNS) Price Target to GBX 1,700

Morgan Sindall Group (LON:MGNS) had its price objective raised by Peel Hunt from GBX 1,600 ($20.91) to GBX 1,700 ($22.21) in a research note published on Monday, LSE.Co.UK reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. Peel Hunt increased their price objective on Morgan Sindall Group from GBX 1,600 ($20.91) to GBX 1,700 ($22.21) and gave the company a buy rating in a report on Monday. Jefferies Financial Group reissued a buy rating and set a GBX 1,500 ($19.60) price objective on shares of Morgan Sindall Group in a report on Monday, July 1st. Finally, Liberum Capital reaffirmed a buy rating on shares of Morgan Sindall Group in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and a consensus price target of GBX 1,616.25 ($21.12).

Shares of LON MGNS opened at GBX 1,234 ($16.12) on Monday. The stock has a fifty day simple moving average of GBX 1,170.80 and a two-hundred day simple moving average of GBX 1,239.13. Morgan Sindall Group has a 1-year low of GBX 1,000 ($13.07) and a 1-year high of GBX 1,438 ($18.79). The firm has a market cap of $561.19 million and a price-to-earnings ratio of 8.36. The company has a current ratio of 1.08, a quick ratio of 0.67 and a debt-to-equity ratio of 15.90.

The business also recently declared a dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, October 10th will be issued a GBX 21 ($0.27) dividend. This represents a dividend yield of 1.86%. The ex-dividend date is Thursday, October 10th. Morgan Sindall Group’s payout ratio is currently 0.37%.

About Morgan Sindall Group

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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