Mears Group plc (LON:MER) Insider Buys £359,906.17 in Stock

Mears Group plc (LON:MER) insider Andrew C. M. Smith acquired 99,697 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were acquired at an average cost of GBX 361 ($4.59) per share, with a total value of £359,906.17 ($457,314.07).

Mears Group Price Performance

MER stock opened at GBX 365.50 ($4.64) on Friday. The firm has a 50 day simple moving average of GBX 376.01 and a two-hundred day simple moving average of GBX 350.83. The stock has a market cap of £351.17 million, a PE ratio of 1,142.19, a P/E/G ratio of 0.68 and a beta of 1.18. Mears Group plc has a one year low of GBX 249.82 ($3.17) and a one year high of GBX 398 ($5.06). The company has a debt-to-equity ratio of 145.24, a current ratio of 0.96 and a quick ratio of 0.92.

Mears Group Increases Dividend

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

Analysts Set New Price Targets

Separately, Numis Securities raised their price target on Mears Group from GBX 375 ($4.76) to GBX 420 ($5.34) and gave the company an “add” rating in a report on Thursday, April 11th.

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.