Berenberg Bank Issues Positive Forecast for Mears Group (LON:MER) Stock Price

Mears Group (LON:MER) had its price target raised by Berenberg Bank from GBX 565 to GBX 600 in a report issued on Tuesday,Digital Look reports. They currently have a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 430 target price on shares of Mears Group in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, Mears Group currently has an average rating of “Buy” and an average target price of GBX 492.25.

Mears Group Price Performance

MER opened at GBX 409.50 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.86 and a debt-to-equity ratio of 144.62. Mears Group has a 12 month low of GBX 320.50 and a 12 month high of GBX 460. The company has a fifty day simple moving average of GBX 420.16 and a 200 day simple moving average of GBX 407. The stock has a market cap of £320.07 million, a P/E ratio of 6.58, a P/E/G ratio of 0.68 and a beta of 0.47.

Mears Group (LON:MER) last issued its quarterly earnings data on Thursday, August 6th. The company reported GBX 37.12 EPS for the quarter. Mears Group had a return on equity of 25.52% and a net margin of 4.66%. On average, research analysts expect that Mears Group will post 32.52 EPS for the current year.

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.