Numis Securities Boosts Mears Group (LON:MER) Price Target to GBX 420

Mears Group (LON:MER) had its target price upped by Numis Securities from GBX 375 ($4.75) to GBX 420 ($5.32) in a report issued on Thursday morning, MarketBeat.com reports. They currently have an add rating on the stock.

Mears Group Stock Performance

Mears Group stock opened at GBX 367.50 ($4.65) on Thursday. The company has a 50 day moving average price of GBX 354.98 and a 200-day moving average price of GBX 313.38. The company has a debt-to-equity ratio of 145.24, a quick ratio of 0.92 and a current ratio of 0.96. Mears Group has a fifty-two week low of GBX 195.40 ($2.47) and a fifty-two week high of GBX 379.50 ($4.80). The company has a market capitalization of £358.17 million, a PE ratio of 1,413.46, a P/E/G ratio of 0.68 and a beta of 1.18.

Mears Group Company Profile

Mears Group plc, through its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. It offers rapid-response and planned maintenance services to local authorities; gas and repair services; and maintenance and repairs, capital works, energy investment, and regeneration solutions for public buildings, as well as grounds maintenance services.