Mears Group PLC (MER) Earns “Buy” Rating from Peel Hunt
Several other research firms also recently commented on MER. Jefferies Group boosted their target price on Mears Group PLC from GBX 430 ($5.61) to GBX 460 ($6.00) and gave the stock a hold rating in a report on Wednesday, August 17th. Liberum Capital boosted their target price on Mears Group PLC from GBX 450 ($5.87) to GBX 470 ($6.13) and gave the stock a buy rating in a report on Tuesday, August 16th. Finally, Canaccord Genuity reissued a hold rating and issued a GBX 400 ($5.22) target price on shares of Mears Group PLC in a report on Tuesday, August 16th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 464 ($6.06).
Shares of Mears Group PLC (LON:MER) opened at 449.75 on Monday. The company has a 50-day moving average price of GBX 436.91 and a 200 day moving average price of GBX 406.63. The stock’s market cap is GBX 461.11 million. Mears Group PLC has a one year low of GBX 346.75 and a one year high of GBX 484.50.
The firm also recently declared a dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Thursday, October 13th will be issued a dividend of GBX 3.30 ($0.04) per share. This represents a dividend yield of 0.79%. The ex-dividend date is Thursday, October 13th.
About Mears Group PLC
Mears Group PLC is a United Kingdom-based holding company. The Company’s principal activities are the provision of a range of outsourced services to the public and private sectors. The Company operates through two segments, which include Housing and Care. The Housing segment is engaged in providing a full housing management service predominantly to Local Authorities and other Registered Social Landlords.
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