Mears Group (LON:MER) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Mears Group plc (LON:MER) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 350.46 and traded as high as GBX 357. Mears Group shares last traded at GBX 350, with a volume of 81,265 shares trading hands.

Analyst Ratings Changes

A number of brokerages have weighed in on MER. Peel Hunt reaffirmed a “buy” rating and set a GBX 440 target price on shares of Mears Group in a research report on Monday, December 8th. Berenberg Bank raised their price target on Mears Group from GBX 550 to GBX 565 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Panmure Gordon restated a “buy” rating and issued a GBX 499 price objective on shares of Mears Group in a report on Monday, December 8th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 503.50.

Mears Group Stock Performance

The company has a debt-to-equity ratio of 139.90, a current ratio of 0.87 and a quick ratio of 0.92. The company has a market cap of £288.43 million, a PE ratio of 6.55, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26. The business has a fifty day simple moving average of GBX 359.57 and a two-hundred day simple moving average of GBX 350.46.

About Mears Group

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.