Mears Group plc (LON:MER) Insider Acquires £70,200 in Stock

Mears Group plc (LON:MER) 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 cost of GBX 351 ($4.34) per share, with a total value of £70,200 ($86,709.49).

Mears Group Trading Up 1.4 %

Shares of LON:MER opened at GBX 355 ($4.38) on Monday. The company has a 50 day moving average of GBX 358.98 and a 200-day moving average of GBX 319.24. The firm has a market cap of £345.98 million, a P/E ratio of 1,365.38, a P/E/G ratio of 0.68 and a beta of 1.18. Mears Group plc has a twelve month low of GBX 207.50 ($2.56) and a twelve month high of GBX 379.50 ($4.69). The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 145.24.

Mears Group Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Thursday, June 27th will be paid a GBX 9.30 ($0.11) dividend. This is a positive change from Mears Group’s previous dividend of $3.70. This represents a dividend yield of 2.66%. The ex-dividend date is Thursday, June 27th. Mears Group’s dividend payout ratio is currently 4,230.77%.

Wall Street Analyst Weigh In

Separately, Numis Securities boosted their target price on shares of Mears Group from GBX 375 ($4.63) to GBX 420 ($5.19) and gave the company an “add” rating in a research note on Thursday, April 11th.

About Mears Group

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.