Liberum Capital Reiterates “Buy” Rating for Morgan Sindall Group PLC (LON:MGNS)
MGNS has been the subject of several other reports. Numis Securities Ltd restated an add rating and issued a GBX 1,215 ($15.82) price objective on shares of Morgan Sindall Group PLC in a research note on Thursday, May 4th. Peel Hunt restated a buy rating and issued a GBX 1,400 ($18.23) price objective on shares of Morgan Sindall Group PLC in a research note on Wednesday, June 21st. Finally, Jefferies Group LLC upped their price objective on Morgan Sindall Group PLC from GBX 1,205 ($15.69) to GBX 1,469 ($19.13) and gave the stock a buy rating in a research note on Tuesday, June 13th.
Shares of Morgan Sindall Group PLC (LON MGNS) opened at 1364.00 on Tuesday. The stock’s market capitalization is GBX 609.89 million. Morgan Sindall Group PLC has a 12 month low of GBX 680.00 and a 12 month high of GBX 1,500.00. The company’s 50 day moving average price is GBX 1,309.33 and its 200-day moving average price is GBX 1,121.67.
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The business also recently disclosed a dividend, which will be paid on Monday, October 30th. Stockholders of record on Thursday, October 12th will be paid a GBX 16 ($0.21) dividend. The ex-dividend date is Thursday, October 12th. This represents a dividend yield of 1.11%.
In other Morgan Sindall Group PLC news, insider Steve Crummett sold 13,174 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of GBX 1,190 ($15.50), for a total value of £156,770.60 ($204,154.97).
About Morgan Sindall Group PLC
Morgan Sindall Group plc is a construction and regeneration company. The Company operates through various divisions, including construction and infrastructure, fit out, property services, partnership housing, urban regeneration and investments. The Company’s construction and infrastructure division provides specialist construction and infrastructure design and build services on projects, frameworks and alliances.
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