Numis Securities Ltd Reaffirms Buy Rating for Morgan Sindall Group PLC (MGNS)
Morgan Sindall Group PLC (LON:MGNS)‘s stock had its “buy” rating reissued by Numis Securities Ltd in a research report issued on Tuesday. They presently have a GBX 1,000 ($13.32) price objective on the stock. Numis Securities Ltd’s target price suggests a potential upside of 32.54% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. Liberum Capital restated a “buy” rating and set a GBX 1,000 ($13.32) price target on shares of Morgan Sindall Group PLC in a research report on Wednesday, May 4th. Peel Hunt restated an “add” rating and set a GBX 850 ($11.32) price target on shares of Morgan Sindall Group PLC in a research report on Thursday, May 5th.
Morgan Sindall Group PLC (LON:MGNS) opened at 754.50 on Tuesday. The firm has a 50-day moving average of GBX 692.20 and a 200 day moving average of GBX 740.40. Morgan Sindall Group PLC has a 12-month low of GBX 560.00 and a 12-month high of GBX 840.00. The company’s market capitalization is GBX 331.23 million.
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The company also recently declared a dividend, which will be paid on Monday, October 24th. Stockholders of record on Thursday, October 13th will be issued a GBX 13 ($0.17) dividend. This represents a dividend yield of 2.13%. The ex-dividend date is Thursday, October 13th.
In other Morgan Sindall Group PLC news, insider Cooper,Malcolm purchased 7,000 shares of Morgan Sindall Group PLC stock in a transaction on Thursday, June 30th. The shares were acquired at an average cost of GBX 641 ($8.54) per share, for a total transaction of £44,870 ($59,762.92). Also, insider Morgan,John Christopher purchased 500,000 shares of Morgan Sindall Group PLC stock in a transaction on Wednesday, August 10th. The shares were acquired at an average price of GBX 640 ($8.52) per share, for a total transaction of £3,200,000 ($4,262,120.40).
About Morgan Sindall Group PLC
Morgan Sindall Group plc is a construction and regeneration company. The Company operates through approximately five divisions, including Construction & Infrastructure, Fit Out, Affordable Housing, Urban Regeneration and Investments. Construction & Infrastructure division offers design, construction and infrastructure services working on projects, and in frameworks and alliances of various sizes for markets, which include commercial, defense, education, energy, healthcare, industrial, leisure, retail, transport and water.
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