Mears Group plc (LON:MER - Get Free Report) declared a dividend on Thursday, April 25th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 27th will be given a dividend of GBX 9.30 ($0.11) per share on Tuesday, July 16th. This represents a dividend yield of 2.66%. The ex-dividend date is Thursday, June 27th. This is a boost from Mears Group's previous dividend of $3.70. The official announcement can be seen at this link.
Mears Group Trading Up 1.4 %
Shares of Mears Group stock traded up GBX 5 ($0.06) during trading on Friday, reaching GBX 355 ($4.38). 3,531,498 shares of the company were exchanged, compared to its average volume of 508,456. Mears Group has a twelve month low of GBX 207.50 ($2.56) and a twelve month high of GBX 379.50 ($4.69). The business has a 50-day moving average price of GBX 358.64 and a 200-day moving average price of GBX 318.66. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 145.24. The firm has a market capitalization of £345.98 million, a price-to-earnings ratio of 1,349.70, a P/E/G ratio of 0.68 and a beta of 1.18.
Wall Street Analyst Weigh In
Separately, Numis Securities boosted their target price on Mears Group from GBX 375 ($4.63) to GBX 420 ($5.19) and gave the stock an "add" rating in a research report on Thursday, April 11th.
View Our Latest Analysis on Mears Group
Insider Buying and Selling at Mears Group
In other news, insider Andrew C. M. Smith acquired 20,000 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was acquired at an average price of GBX 351 ($4.34) per share, for a total transaction of £70,200 ($86,709.49). Insiders own 2.01% of the company's stock.
About Mears Group
(
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Mears Group plc, through its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. It offers rapid-response and planned maintenance services to local authorities; gas and repair services; and maintenance and repairs, capital works, energy investment, and regeneration solutions for public buildings, as well as grounds maintenance services.
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