The Merchants Trust Plc (LON:MRCH – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 673 and last traded at GBX 669.85, with a volume of 41910 shares traded. The stock had previously closed at GBX 666.
The Merchants Trust Trading Up 0.5%
The firm has a market capitalization of £987.96 million, a P/E ratio of 6.11 and a beta of 1.10. The business’s fifty day moving average is GBX 641.72 and its 200 day moving average is GBX 626.42.
Insider Transactions at The Merchants Trust
In related news, insider Neil Galloway purchased 3,500 shares of the company’s stock in a transaction on Monday, June 8th. The shares were bought at an average price of GBX 624 per share, with a total value of £21,840. Company insiders own 0.13% of the company’s stock.
About The Merchants Trust
The Merchants Trust (MRCH) is managed by Simon Gergel at Allianz GIobal Investors. The Trust aims to generate a high and growing level of income, with the potential for long-term capital growth, from a portfolio of mainly higher yielding large UK companies. Merchants has a distinguished dividend history and is an AIC dividend hero, payouts have grown in each of the last 38 consecutive years.
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