Morgan Sindall Group plc (LON:MGNS) to Issue Dividend Increase – GBX 78 Per Share

Morgan Sindall Group plc (LON:MGNS) declared a dividend on Thursday, February 22nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 25th will be paid a dividend of GBX 78 ($0.96) per share on Thursday, May 16th. This represents a yield of 3.52%. The ex-dividend date is Thursday, April 25th. This is a positive change from Morgan Sindall Group’s previous dividend of $36.00. The official announcement can be accessed at this link.

Morgan Sindall Group Stock Down 0.8 %

Shares of Morgan Sindall Group stock opened at GBX 2,310.31 ($28.54) on Wednesday. The company has a debt-to-equity ratio of 25.42, a quick ratio of 0.87 and a current ratio of 1.19. The stock has a market capitalization of £1.07 billion, a PE ratio of 932.00, a price-to-earnings-growth ratio of -68.20 and a beta of 1.24. Morgan Sindall Group has a 52-week low of GBX 1,604 ($19.81) and a 52-week high of GBX 2,483 ($30.67). The company has a 50-day simple moving average of GBX 2,283.03 and a two-hundred day simple moving average of GBX 2,160.83.

Analysts Set New Price Targets

Separately, Numis Securities lifted their target price on shares of Morgan Sindall Group from GBX 2,500 ($30.88) to GBX 3,000 ($37.06) and gave the stock a “buy” rating in a report on Thursday, April 11th.

Insider Transactions at Morgan Sindall Group

In other news, insider Steve Crummett sold 27,541 shares of Morgan Sindall Group stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of GBX 2,283 ($28.20), for a total value of £628,761.03 ($776,631.71). 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.