Mears Group plc (LON:MER - Get Free Report) insider Andrew C. M. Smith bought 20,000 shares of Mears Group stock in a transaction on Friday, April 26th. The shares were purchased 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 %
LON:MER opened at GBX 355 ($4.38) on Friday. The company's 50-day simple moving average is GBX 358.64 and its 200 day simple moving average is GBX 318.66. Mears Group plc has a one year low of GBX 207.50 ($2.56) and a one year high of GBX 379.50 ($4.69). The firm has a market capitalization of £345.98 million, a P/E ratio of 1,349.70, a PEG 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.
Mears Group Increases Dividend
The business also recently announced a dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Thursday, June 27th will be issued a GBX 9.30 ($0.11) dividend. This represents a yield of 2.66%. This is an increase from Mears Group's previous dividend of $3.70. The ex-dividend date of this dividend is Thursday, June 27th. Mears Group's payout ratio is 4,230.77%.
Analyst Upgrades and Downgrades
Separately, Numis Securities upped their price target on Mears Group from GBX 375 ($4.63) to GBX 420 ($5.19) and gave the stock an "add" rating in a research note on Thursday, April 11th.
View Our Latest Stock Analysis on Mears Group
Mears Group Company Profile
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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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