Morgan Sindall Group (MGNS) Earns Buy Rating from Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Morgan Sindall Group (LON:MGNS) in a research report sent to investors on Friday.

MGNS has been the topic of several other reports. Numis Securities upgraded Morgan Sindall Group to a buy rating and set a GBX 1,565 ($21.83) target price on the stock in a research note on Thursday, February 22nd. Liberum Capital boosted their target price on Morgan Sindall Group from GBX 1,650 ($23.01) to GBX 1,700 ($23.71) and gave the stock a buy rating in a research note on Thursday, February 22nd.

Shares of MGNS stock opened at GBX 1,332 ($18.58) on Friday. Morgan Sindall Group has a 1-year low of GBX 947.81 ($13.22) and a 1-year high of GBX 1,520 ($21.20).

The firm also recently announced a dividend, which will be paid on Monday, May 21st. Investors of record on Thursday, April 26th will be paid a dividend of GBX 29 ($0.40) per share. This represents a yield of 2.26%. This is an increase from Morgan Sindall Group’s previous dividend of $16.00. The ex-dividend date of this dividend is Thursday, April 26th.

In related news, insider Steve Crummett sold 37,729 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of GBX 1,192 ($16.62), for a total transaction of £449,729.68 ($627,238.05).

Morgan Sindall Group Company Profile

Morgan Sindall Group plc operates as a construction and regeneration company in United Kingdom. The company operates in six divisions: Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, Urban Regeneration, and Investments. The Construction & Infrastructure division offers design, construction, and infrastructure services to education, highways, rail, aviation, energy, water, nuclear, commercial, defense, healthcare, industrial, leisure, and retail markets.

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