Mears Group (LON:MER) Stock Price Passes Above Two Hundred Day Moving Average of $353.67

Shares of Mears Group plc (LON:MER) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 353.67 ($4.49) and traded as high as GBX 378.50 ($4.80). Mears Group shares last traded at GBX 368 ($4.67), with a volume of 200,654 shares.

Analyst Ratings Changes

Separately, Numis Securities lifted their price target on shares of Mears Group from GBX 375 ($4.76) to GBX 420 ($5.33) and gave the stock an “add” rating in a research note on Thursday, April 11th.

Mears Group Trading Up 3.5 %

The stock’s fifty day moving average price is GBX 376.30 and its 200 day moving average price is GBX 353.67. 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 stock has a market capitalization of £353.57 million, a P/E ratio of 1,150.00, a PEG ratio of 0.68 and a beta of 1.18.

Mears Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Thursday, June 27th will be issued a dividend of GBX 9.30 ($0.12) per share. This represents a yield of 2.66%. This is a boost from Mears Group’s previous dividend of $3.70. The ex-dividend date of this dividend is Thursday, June 27th. Mears Group’s dividend payout ratio is presently 4,062.50%.

Insiders Place Their Bets

In related news, insider Lucas Critchley acquired 6,851 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average cost of GBX 93 ($1.18) per share, with a total value of £6,371.43 ($8,082.49). In other news, insider Andrew C. M. Smith acquired 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 ($4.45) per share, with a total value of £70,200 ($89,052.39). Also, insider Lucas Critchley acquired 6,851 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were purchased at an average cost of GBX 93 ($1.18) per share, for a total transaction of £6,371.43 ($8,082.49). Insiders have acquired a total of 126,548 shares of company stock worth $43,647,760 in the last three months. Corporate insiders own 2.54% of the company’s stock.

Mears Group Company Profile

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.