Mears Group PLC Announces Dividend of GBX 2.85 (MER)
Mears Group PLC (LON:MER) announced a dividend on Tuesday, August 19th, Stock Ratings Network reports. Investors of record on Thursday, October 16th will be paid a dividend of GBX 2.85 ($0.05) per share on Monday, November 3rd. This represents a dividend yield of 0.59%. The ex-dividend date is Thursday, October 16th. The official announcement can be viewed at this link.
A number of research firms have recently commented on MER. Analysts at Investec reiterated an “add” rating on shares of Mears Group PLC in a research note on Tuesday. They now have a GBX 520 ($8.69) price target on the stock. On a related note, analysts at Liberum Capital reiterated a “buy” rating on shares of Mears Group PLC in a research note on Friday. They now have a GBX 528 ($8.83) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Mears Group PLC in a research note on Monday, July 21st. They now have a GBX 528 ($8.83) price target on the stock.
Shares of Mears Group PLC (LON:MER) traded down 1.44% during mid-day trading on Tuesday, hitting GBX 486.17. The stock had a trading volume of 101,463 shares. Mears Group PLC has a one year low of GBX 398.50 and a one year high of GBX 540.00. The stock has a 50-day moving average of GBX 474.4 and a 200-day moving average of GBX 489.9. The company’s market cap is £489.4 million.
Mears Group PLC (LON:MER) is a holding company.
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