The Merchants Trust (LON:MRCH) Hits New 52-Week High – Time to Buy?

by · The Markets Daily

The Merchants Trust Plc (LON:MRCH – Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as GBX 587 and last traded at GBX 586.64, with a volume of 1179784 shares trading hands. The stock had previously closed at GBX 585.

The Merchants Trust Trading Up 0.5%

The stock has a market capitalization of £868.18 million, a PE ratio of 25.64 and a beta of 0.95. The stock has a 50 day moving average price of GBX 563.98 and a 200-day moving average price of GBX 559.73.

The Merchants Trust (LON:MRCH – Get Free Report) last posted its quarterly earnings data on Monday, September 29th. The investment trust reported GBX 17.70 EPS for the quarter. The Merchants Trust had a return on equity of 13.03% and a net margin of 90.97%.

The Merchants Trust Company Profile

(Get Free Report)

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.

See Also