Mears Group (LON:MER) Stock Price Crosses Above 200-Day Moving Average of $322.05

Mears Group plc (LON:MER) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 322.05 ($4.05) and traded as high as GBX 370 ($4.65). Mears Group shares last traded at GBX 368 ($4.62), with a volume of 244,885 shares.

Analysts Set New Price Targets

Separately, Numis Securities lifted their price objective on Mears Group from GBX 375 ($4.71) to GBX 420 ($5.28) and gave the stock an “add” rating in a report on Thursday, April 11th.

Mears Group Trading Up 1.4 %

The firm has a fifty day moving average of GBX 360.55 and a two-hundred day moving average of GBX 322.05. The company has a market cap of £353.57 million, a PE ratio of 1,150.00, 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.

Mears Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, July 16th. Investors of record on Thursday, June 27th will be issued a GBX 9.30 ($0.12) dividend. The ex-dividend date is Thursday, June 27th. This represents a yield of 2.66%. This is a positive change from Mears Group’s previous dividend of $3.70. Mears Group’s dividend payout ratio (DPR) is 4,062.50%.

Insider Buying and Selling

In related news, insider Andrew C. M. Smith bought 20,000 shares of the business’s stock in a transaction on Friday, April 26th. The stock was acquired at an average price of GBX 351 ($4.41) per share, for a total transaction of £70,200 ($88,179.88). 2.53% of the stock is currently owned by insiders.

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.