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

Mears Group plc (LON:MER) insider Andrew C. M. Smith acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were purchased at an average price of GBX 351 ($4.34) per share, with a total value of £70,200 ($86,709.49).

Mears Group Stock Up 1.4 %

Shares of LON MER opened at GBX 355 ($4.38) on Monday. The stock 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. The firm has a 50 day moving average price of GBX 358.98 and a 200 day moving average price of GBX 319.24. The company has a debt-to-equity ratio of 145.24, a quick ratio of 0.92 and a current ratio of 0.96. Mears Group plc has a 52-week low of GBX 207.50 ($2.56) and a 52-week high of GBX 379.50 ($4.69).

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 issued a GBX 9.30 ($0.11) dividend. This represents a dividend yield of 2.66%. The ex-dividend date is Thursday, June 27th. This is a boost from Mears Group’s previous dividend of $3.70. Mears Group’s dividend payout ratio is 4,230.77%.

Wall Street Analysts Forecast Growth

Separately, Numis Securities boosted their price objective on shares of Mears Group from GBX 375 ($4.63) to GBX 420 ($5.19) and gave the company an “add” rating in a report 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.