The Merchants Trust Plc (LON:MRCH – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 673 and last traded at GBX 669.85, with a volume of 41910 shares. The stock had previously closed at GBX 666.
The Merchants Trust Stock Performance
The firm’s 50 day simple moving average is GBX 641.72 and its 200-day simple moving average is GBX 626.42. The company has a market capitalization of £987.96 million, a price-to-earnings ratio of 6.11 and a beta of 1.10.
Insider Buying and Selling at The Merchants Trust
In other The Merchants Trust news, insider Neil Galloway purchased 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were purchased at an average cost of GBX 624 per share, with a total value of £21,840. Corporate 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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