Mears Group plc (LON:MER - Get Free Report) insider Andrew C. M. Smith bought 20,000 shares of the company's stock in a transaction dated Friday, April 26th. The shares were acquired at an average price of GBX 351 ($4.34) per share, for a total transaction of £70,200 ($86,709.49).
Mears Group Trading Up 1.4 %
Shares of MER stock traded up GBX 5 ($0.06) during trading on Friday, hitting GBX 355 ($4.38). 3,531,498 shares of the stock traded hands, compared to its average volume of 508,456. The firm has a market capitalization of £345.98 million, a P/E ratio of 1,349.70, a price-to-earnings-growth ratio of 0.68 and a beta of 1.18. The company has a debt-to-equity ratio of 145.24, a current ratio of 0.96 and a quick ratio of 0.92. The firm's fifty day moving average price is GBX 358.64 and its 200-day moving average price is GBX 318.66. Mears Group plc has a 52-week low of GBX 207.50 ($2.56) and a 52-week high of GBX 379.50 ($4.69).
Mears Group Increases Dividend
The company also recently declared a dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Thursday, June 27th will be given a dividend of GBX 9.30 ($0.11) per share. This represents a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, June 27th. This is a positive change from Mears Group's previous dividend of $3.70. Mears Group's payout ratio is presently 4,230.77%.
Analyst Upgrades and Downgrades
Separately, Numis Securities lifted their price target on shares of Mears Group from GBX 375 ($4.63) to GBX 420 ($5.19) and gave the company an "add" rating in a research report on Thursday, April 11th.
Read Our Latest Stock Report on MER
Mears Group Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Mears Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mears Group wasn't on the list.
While Mears Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
