Mears Group PLC (MER) To Go Ex-Dividend on October 13th
Mears Group PLC (LON:MER) declared a dividend on Tuesday, August 16th. Stockholders of record on Thursday, October 13th will be paid a dividend of GBX 3.30 ($0.04) per share on Tuesday, November 1st. This represents a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, October 13th. The official announcement can be viewed at this link.
Mears Group PLC (LON:MER) opened at 479.00 on Friday. The stock’s 50 day moving average is GBX 450.90 and its 200 day moving average is GBX 411.02. The stock’s market cap is GBX 491.10 million. Mears Group PLC has a 52 week low of GBX 346.75 and a 52 week high of GBX 484.50.
Several research analysts recently commented on the stock. Canaccord Genuity reiterated a “hold” rating and set a GBX 400 ($5.22) price objective on shares of Mears Group PLC in a research note on Tuesday, August 16th. Peel Hunt reiterated a “buy” rating and set a GBX 550 ($7.18) price objective on shares of Mears Group PLC in a research note on Monday, August 15th. Liberum Capital boosted their price objective on shares of Mears Group PLC from GBX 450 ($5.87) to GBX 470 ($6.13) and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Finally, Jefferies Group boosted their price objective on shares of Mears Group PLC from GBX 430 ($5.61) to GBX 460 ($6.00) and gave the stock a “hold” rating in a research note on Wednesday, August 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 464 ($6.06).
Mears Group PLC Company Profile
Mears Group PLC is a United Kingdom-based holding company. The Company’s principal activities are the provision of a range of outsourced services to the public and private sectors. The Company operates through two segments, which include Housing and Care. The Housing segment is engaged in providing a full housing management service predominantly to Local Authorities and other Registered Social Landlords.
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