Mears Group (LON:MER) Shares Up 1.1% – Time to Buy?

Mears Group plc (LON:MER)’s stock price rose 1.1% during trading on Wednesday. The stock traded as high as GBX 455 and last traded at GBX 454. Approximately 97,159 shares were traded during trading, a decline of 74% from the average session volume of 379,249 shares. The stock had previously closed at GBX 449.

Analyst Ratings Changes

MER has been the subject of a number of recent research reports. Berenberg Bank increased their price objective on shares of Mears Group from GBX 565 to GBX 600 and gave the stock a “buy” rating in a research note on Tuesday, October 13th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 430 target price on shares of Mears Group in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating. According to MarketBeat.com, Mears Group presently has a consensus rating of “Buy” and a consensus price target of GBX 492.25.

Mears Group Trading Down 0.2%

The business’s 50-day moving average price is GBX 417.66 and its 200 day moving average price is GBX 397.91. The company has a market cap of £343.02 million, a P/E ratio of 7.10, a P/E/G ratio of 0.68 and a beta of 0.47. The company has a debt-to-equity ratio of 144.62, a quick ratio of 0.92 and a current ratio of 0.86.

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.