Mears Group’s (MER) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Mears Group (LON:MER)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 520 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 31.65% from the stock’s current price.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 565 target price on shares of Mears Group in a research note on Thursday, March 26th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 506.

Mears Group Trading Down 1.4%

LON MER traded down GBX 5.50 during trading hours on Friday, hitting GBX 395. 343,378 shares of the company were exchanged, compared to its average volume of 353,861. Mears Group has a 52 week low of GBX 310 and a 52 week high of GBX 421.37. The company has a quick ratio of 0.92, a current ratio of 0.79 and a debt-to-equity ratio of 157.98. The stock has a 50-day moving average price of GBX 362.60 and a 200 day moving average price of GBX 359.35. The stock has a market cap of £323.59 million, a PE ratio of 7.33, a price-to-earnings-growth ratio of 0.68 and a beta of 0.37.

Mears Group (LON:MER) last posted its quarterly earnings data on Thursday, March 26th. The company reported GBX 55.70 earnings per share (EPS) for the quarter. Mears Group had a return on equity of 23.94% and a net margin of 4.07%. Analysts forecast that Mears Group will post 32.5150732 earnings per share for the current fiscal year.

Mears Group declared that its Board of Directors has approved a stock buyback plan on Wednesday, April 1st that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Andrew C. M. Smith sold 108,303 shares of Mears Group stock in a transaction on Friday, May 8th. The stock was sold at an average price of GBX 401, for a total transaction of £434,295.03. Also, insider Lucas Critchley sold 60,984 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of GBX 401, for a total transaction of £244,545.84. Company insiders own 1.55% of the company’s stock.

Mears Group Company Profile

Mears Group plc, together with its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. The company 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. It provides housing management services, which include supply of affordable homes to public and private sectors; emergency and temporary accommodation services; affordable housing/social housing management; housing with care services; private rented sector; stock acquisition; mears housing solutions; and housing services to central government departments.