Company profileMeyer Plc manufactures and sells paint, coating, adhesives, and flooring products in Nigeria. The company operates through Paints and Painting services segments. It offers architectural, decorative, auto refinishes, industrial, and marine coatings, as well as wood finishes. The company also offers road lining paints; and roof, tube, and HP coatings. In addition, it involves in application of paints on completed buildings; and building and construction business. Meyer Plc was formerly known as DN Meyer Plc and changed its name to Meyer Plc in August 2016. The company was founded in 1940 and is headquartered in Ikeja, Nigeria.
Meyer Plc (MEYER) is listed on NGX in the INDUSTRIAL GOODS sector, with exposure to Paints, Varnishes, Lacquers, Enamels, and Allied Products. This page brings together the current share price, valuation, dividend context, business summary, and a practical current view so you can assess the stock faster.
Why this stock may reactDirect company signals
market_performance
MEYER may be hurt by market_performance. Confidence 90%.
The article frames the strong equity rally (measured in USD) around the Nigerian exchange, implying positive effects for the financial services sector.
price_decline
MEYER may be hurt by price_decline. Confidence 90%.
Listed among top decliners, shedding 9.99% on the session.
selling_pressure
MEYER may be hurt by selling_pressure. Confidence 90%.
The piece attributes the extended market decline to renewed selling in oil and gas heavyweights.
