Mears Group (LON:MER) Stock Crosses Above Two Hundred Day Moving Average of $335.85

Mears Group plc (LON:MERGet Free Report)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 335.85 ($4.29) and traded as high as GBX 393 ($5.02). Mears Group shares last traded at GBX 393 ($5.02), with a volume of 296,122 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Numis Securities boosted their target price on shares of Mears Group from GBX 375 ($4.79) to GBX 420 ($5.36) and gave the company an “add” rating in a research note on Thursday, April 11th.

Read Our Latest Stock Report on MER

Mears Group Trading Up 1.0 %

The company has a debt-to-equity ratio of 145.24, a quick ratio of 0.92 and a current ratio of 0.96. The business’s 50 day moving average price is GBX 371.48 and its two-hundred day moving average price is GBX 337.71. The company has a market capitalization of £377.62 million, a price-to-earnings ratio of 1,226.56, a price-to-earnings-growth ratio of 0.68 and a beta of 1.18.

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 issued a dividend of GBX 9.30 ($0.12) per share. The ex-dividend date is Thursday, June 27th. This represents a dividend yield of 2.66%. This is a positive change from Mears Group’s previous dividend of $3.70. Mears Group’s payout ratio is currently 4,062.50%.

Insider Activity

In related news, insider Lucas Critchley acquired 6,851 shares of the company’s stock in a transaction on Friday, May 17th. The shares were purchased at an average price of GBX 93 ($1.19) per share, for a total transaction of £6,371.43 ($8,137.20). In other Mears Group news, insider Andrew C. M. Smith bought 20,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were acquired at an average cost of GBX 351 ($4.48) per share, for a total transaction of £70,200 ($89,655.17). Also, insider Lucas Critchley bought 6,851 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average price of GBX 93 ($1.19) per share, with a total value of £6,371.43 ($8,137.20). 2.54% of the stock is owned by company insiders.

Mears Group Company Profile

(Get Free Report)

Mears Group plc, together with its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. The company 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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