Shares of The Merchants Trust Plc (LON:MRCH – Get Free Report) reached a new 52-week high on Monday . The company 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 Stock Performance
The stock has a market cap of £1.00 billion, a P/E ratio of 6.21 and a beta of 1.10. The firm has a 50-day moving average price of GBX 643.35 and a 200-day moving average price of GBX 627.33.
Insider Buying and Selling at The Merchants Trust
In other news, insider Neil Galloway purchased 3,500 shares of The Merchants Trust stock in a transaction that occurred on Monday, June 8th. The shares were bought at an average cost of GBX 624 per share, with a total value of £21,840. 0.13% of the stock is owned by corporate insiders.
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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