The Mears Group PLC (MER) To Go Ex-Dividend on October 13th

The Mears Group PLC (MER) To Go Ex-Dividend on October 13th

Mears Group PLC (LON:MER) declared a dividend on Tuesday, August 16th. Shareholders of record on Thursday, October 13th will be paid a dividend of GBX 3.30 ($0.04) per share on Tuesday, November 1st. This represents a yield of 0.79%. The ex-dividend date of this dividend is Thursday, October 13th. The official announcement can be seen at this link.

Mears Group PLC (LON:MER) opened at 479.00 on Friday. Mears Group PLC has a 52 week low of GBX 346.75 and a 52 week high of GBX 484.50. The firm’s market cap is GBX 491.10 million. The firm’s 50-day moving average is GBX 450.90 and its 200-day moving average is GBX 411.02.

Several research firms have recently commented on MER. Canaccord Genuity reissued a “hold” rating and issued a GBX 400 ($5.22) price objective on shares of Mears Group PLC in a research note on Tuesday, August 16th. Jefferies Group raised their price objective on shares of Mears Group PLC from GBX 430 ($5.61) to GBX 460 ($6.00) and gave the company a “hold” rating in a research note on Wednesday, August 17th. Peel Hunt reissued a “buy” rating and issued a GBX 550 ($7.18) price objective on shares of Mears Group PLC in a research note on Monday, August 15th. Finally, Liberum Capital raised their price objective on shares of Mears Group PLC from GBX 450 ($5.87) to GBX 470 ($6.13) and gave the company a “buy” rating in a research note on Tuesday, August 16th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 464 ($6.06).

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