Morgan Sindall Group (LON:MGNS) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Morgan Sindall Group plc (LON:MGNS)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,578.11 ($48.44) and traded as high as GBX 3,895 ($52.73). Morgan Sindall Group shares last traded at GBX 3,815 ($51.64), with a volume of 246,909 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 4,500 ($60.92) target price on shares of Morgan Sindall Group in a research report on Friday, May 2nd.

Morgan Sindall Group Stock Performance

The business has a 50-day moving average of GBX 3,433.45 and a two-hundred day moving average of GBX 3,578.11. The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87. The company has a market cap of £1.80 billion, a P/E ratio of 14.36, a P/E/G ratio of -68.20 and a beta of 1.31.

Morgan Sindall Group (LON:MGNS) last released its quarterly earnings results on Wednesday, February 26th. The company reported GBX 278.80 ($3.77) EPS for the quarter. Morgan Sindall Group had a net margin of 2.82% and a return on equity of 21.60%. On average, sell-side analysts predict that Morgan Sindall Group plc will post 238.9649924 EPS for the current fiscal year.

Morgan Sindall Group Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 24th were given a dividend of GBX 90 ($1.22) per share. This is a boost from Morgan Sindall Group’s previous dividend of $41.50. The ex-dividend date was Thursday, April 24th. This represents a yield of 3.06%. Morgan Sindall Group’s dividend payout ratio is presently 45.17%.

Insider Buying and Selling at Morgan Sindall Group

In other Morgan Sindall Group news, insider Kelly Gangotra purchased 932 shares of the stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of GBX 3,185 ($43.12) per share, with a total value of £29,684.20 ($40,184.38). Also, insider John Christopher Morgan sold 18,262 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of GBX 3,120 ($42.24), for a total value of £569,774.40 ($771,320.43). 11.05% of the stock is owned by insiders.

Morgan Sindall Group Company Profile

Morgan Sindall Group plc, the Partnerships, Fit Out and Construction Services Group, reported an annual revenue of £4.5bn in the full year 2024. The Group employs over 8,000 employees and operates in the public, regulated and private sectors. It reports through six divisions of Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure and Property Services.