Mears Group (LON:MER) Shares Pass Above 200-Day Moving Average of $356.81

Mears Group plc (LON:MER) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 356.81 ($4.51) and traded as high as GBX 394 ($4.98). Mears Group shares last traded at GBX 387 ($4.90), with a volume of 115,079 shares.

Analyst Upgrades and Downgrades

Separately, Numis Securities raised their price objective on Mears Group from GBX 375 ($4.74) to GBX 420 ($5.31) and gave the stock an “add” rating in a research report on Thursday, April 11th.

Mears Group Trading Down 0.6 %

The firm has a market capitalization of £371.83 million, a price-to-earnings ratio of 1,209.38, a price-to-earnings-growth ratio of 0.68 and a beta of 1.18. 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 company has a fifty day moving average price of GBX 379.52 and a 200-day moving average price of GBX 356.81.

Mears Group Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Thursday, June 27th will be issued a dividend of GBX 9.30 ($0.12) per share. This represents a dividend yield of 2.66%. This is a positive change 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 currently 4,062.50%.

Insider Buying and Selling

In other Mears Group news, insider Andrew C. M. Smith purchased 99,697 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were bought at an average cost of GBX 361 ($4.57) per share, with a total value of £359,906.17 ($455,231.68). In other news, insider Lucas Critchley acquired 6,851 shares of the stock in a transaction dated Friday, May 17th. The shares were acquired at an average cost of GBX 93 ($1.18) per share, for a total transaction of £6,371.43 ($8,058.98). Also, insider Andrew C. M. Smith acquired 99,697 shares of the stock in a transaction dated Thursday, June 20th. The shares were purchased at an average price of GBX 361 ($4.57) per share, for a total transaction of £359,906.17 ($455,231.68). In the last ninety days, insiders purchased 126,548 shares of company stock worth $43,647,760. 2.54% of the stock is currently owned by insiders.

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.