Morgan Sindall Group (LON:MGNS) Reaches New 12-Month High – Still a Buy?

Morgan Sindall Group plc (LON:MGNS)’s stock price hit a new 52-week high on Wednesday . The company traded as high as GBX 3,220 ($42.14) and last traded at GBX 3,100 ($40.57), with a volume of 166972 shares traded. The stock had previously closed at GBX 3,130 ($40.96).

Morgan Sindall Group Stock Up 1.1 %

The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87. The firm has a market capitalization of £1.47 billion, a P/E ratio of 1,183.21, a PEG ratio of -68.20 and a beta of 1.31. The firm’s fifty day moving average price is GBX 2,968 and its 200-day moving average price is GBX 2,649.27.

Morgan Sindall Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 41.50 ($0.54) per share. This represents a dividend yield of 1.5%. The ex-dividend date is Thursday, October 3rd. Morgan Sindall Group’s dividend payout ratio (DPR) is presently 4,580.15%.

Insider Transactions at Morgan Sindall Group

In other news, insider Kelly Gangotra bought 975 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average price of GBX 3,030 ($39.65) per share, with a total value of £29,542.50 ($38,663.13). Company insiders own 11.05% 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.