Peel Hunt restated their buy rating on shares of Mears Group PLC (LON:MER) in a research note published on Monday. Peel Hunt currently has a GBX 550 ($7.18) price target on the stock.

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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