Mears Group (LON:MER) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Mears Group plc (LON:MER) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 382.40 and traded as high as GBX 439.50. Mears Group shares last traded at GBX 432.19, with a volume of 135,161 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 520 price objective on shares of Mears Group in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 506.

Mears Group Trading Down 0.6%

The stock has a market cap of £342.63 million, a PE ratio of 7.99, a price-to-earnings-growth ratio of 0.68 and a beta of 0.47. The firm has a 50-day moving average price of GBX 417.64 and a 200-day moving average price of GBX 382.95. The company has a debt-to-equity ratio of 157.98, a quick ratio of 0.92 and a current ratio of 0.79.

Insider Activity at Mears Group

In related news, insider Lucas Critchley sold 60,984 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of GBX 401, for a total value of £244,545.84. Also, insider Andrew C. M. Smith sold 108,303 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of GBX 401, for a total value of £434,295.03. Corporate insiders own 1.79% of the company’s stock.

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.