Morgan Sindall Group (LON:MGNS) PT Raised to GBX 3,000

Morgan Sindall Group (LON:MGNS) had its price objective lifted by Numis Securities from GBX 2,500 ($31.64) to GBX 3,000 ($37.97) in a research report released on Thursday, Marketbeat reports. The firm currently has a buy rating on the stock.

Morgan Sindall Group Price Performance

Shares of LON:MGNS opened at GBX 2,285 ($28.92) on Thursday. Morgan Sindall Group has a one year low of GBX 1,604 ($20.30) and a one year high of GBX 2,483 ($31.43). The company has a debt-to-equity ratio of 25.42, a current ratio of 1.19 and a quick ratio of 0.87. The company has a market cap of £1.06 billion, a price-to-earnings ratio of 914.00, a PEG ratio of -68.20 and a beta of 1.24. The firm has a 50 day simple moving average of GBX 2,275.02 and a 200 day simple moving average of GBX 2,145.52.

Morgan Sindall Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be paid a GBX 78 ($0.99) dividend. This is a boost from Morgan Sindall Group’s previous dividend of $36.00. The ex-dividend date of this dividend is Thursday, April 25th. This represents a dividend yield of 3.52%. Morgan Sindall Group’s payout ratio is currently 4,560.00%.

Insider Buying and Selling at Morgan Sindall Group

In other news, insider Steve Crummett sold 27,541 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of GBX 2,283 ($28.90), for a total value of £628,761.03 ($795,799.30). Corporate insiders own 11.84% of the company’s stock.

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.