Mears Group (MER) Given “Hold” Rating at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of Mears Group (LON:MER) in a research note issued to investors on Tuesday, April 9th, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also issued reports about the company. Liberum Capital reissued a buy rating on shares of Mears Group in a research report on Friday, March 29th. Peel Hunt restated a buy rating on shares of Mears Group in a research note on Tuesday, December 11th.

Shares of LON:MER remained flat at $GBX 240 ($3.14) during trading on Tuesday. The stock had a trading volume of 7,964 shares, compared to its average volume of 179,226. The company has a debt-to-equity ratio of 45.23, a current ratio of 1.15 and a quick ratio of 0.86. Mears Group has a one year low of GBX 235 ($3.07) and a one year high of GBX 400 ($5.23). The firm has a market capitalization of $265.18 million and a price-to-earnings ratio of 10.48.

The firm also recently disclosed a dividend, which will be paid on Thursday, July 4th. Shareholders of record on Thursday, June 13th will be paid a GBX 8.85 ($0.12) dividend. This represents a yield of 3.24%. The ex-dividend date is Thursday, June 13th. This is an increase from Mears Group’s previous dividend of $3.55. Mears Group’s dividend payout ratio is 0.79%.

In other Mears Group news, insider Andrew C. M. Smith acquired 20,000 shares of Mears Group stock in a transaction on Friday, March 22nd. The stock was purchased at an average price of GBX 265 ($3.46) per share, for a total transaction of £53,000 ($69,253.89).

About Mears Group

Mears Group PLC, through its subsidiaries, provides a range of outsourced services to the public and private sectors in the United Kingdom. It operates in two segments, Housing and Care. The company offers rapid response and planned maintenance services to local authorities and registered social landlords, including responsive repairs; gas and voids services; maintenance, repairs, capital works, and energy investment solution for public buildings; estate cleaning services; and grounds maintenance, hard landscaping, soft landscaping, and arboriculture.

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