Mears Group (LON:MER) Share Price Passes Above 200 Day Moving Average of $353.67

Shares of Mears Group plc (LON:MER) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Wall Street Analyst Weigh In

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

Mears Group Price Performance

The business has a fifty day simple moving average of GBX 376.39 and a two-hundred day simple moving average of GBX 353.76. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 145.24. The stock has a market cap of £352.13 million, a PE ratio of 1,145.31, a P/E/G 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. Investors of record on Thursday, June 27th will be paid a GBX 9.30 ($0.12) dividend. This represents a yield of 2.66%. This is a boost from Mears Group’s previous dividend of $3.70. The ex-dividend date is Thursday, June 27th. Mears Group’s dividend payout ratio is presently 4,062.50%.

Insider Activity

In other Mears Group news, insider Andrew C. M. Smith bought 20,000 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was acquired at an average price of GBX 351 ($4.45) per share, with a total value of £70,200 ($89,052.39). In related news, insider Andrew C. M. Smith purchased 20,000 shares of Mears Group stock in a transaction dated Friday, April 26th. The stock was purchased at an average cost of GBX 351 ($4.45) per share, for a total transaction of £70,200 ($89,052.39). Also, insider Andrew C. M. Smith purchased 99,697 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was purchased at an average price of GBX 361 ($4.58) per share, for a total transaction of £359,906.17 ($456,559.90). In the last 90 days, insiders have acquired 126,548 shares of company stock worth $43,647,760. Corporate insiders own 2.54% of the company’s stock.

About Mears Group

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.