Mears Group (LON:MER) Earns Buy Rating from Berenberg Bank

Mears Group (LON:MER)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a report released on Thursday,London Stock Exchange reports. They currently have a GBX 565 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 26.82% from the company’s previous close.

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

Mears Group Stock Up 3.5%

MER stock opened at GBX 445.50 on Thursday. The firm’s 50-day moving average is GBX 417.90 and its two-hundred day moving average is GBX 383.46. The company has a market capitalization of £354.57 million, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 0.68 and a beta of 0.47. Mears Group has a 52 week low of GBX 310 and a 52 week high of GBX 452. The company has a current ratio of 0.79, a quick ratio of 0.92 and a debt-to-equity ratio of 157.98.

Insider Activity

In related news, insider Andrew C. M. Smith sold 108,303 shares of Mears Group stock in a transaction dated 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 dated Friday, May 8th. The stock was sold at an average price of GBX 401, for a total transaction of £244,545.84. Company insiders own 1.79% 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.