The Merchants Trust Plc (LON:MRCH – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 665 and last traded at GBX 659.98, with a volume of 18349 shares changing hands. The stock had previously closed at GBX 653.
The Merchants Trust Stock Up 1.2%
The business has a fifty day moving average of GBX 637.41 and a 200 day moving average of GBX 624.33. The firm has a market cap of £975.85 million, a P/E ratio of 6.03 and a beta of 1.10.
Insider Activity
In other The Merchants Trust news, insider Neil Galloway bought 3,500 shares of The Merchants Trust stock in a transaction dated Monday, June 8th. The stock was bought at an average cost of GBX 624 per share, for a total transaction of £21,840. 0.13% of the stock is currently owned by 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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