Mears Group (LON:MER) Price Target Raised to GBX 510

Key Points

• Deutsche Bank Aktiengesellschaft has increased its target price for Mears Group (LON:MER) from GBX 500 ($6.72) to GBX 510 ($6.86), indicating a potential upside of 34.39% from the current price.
• The Mears Group shares opened at GBX 379.50 ($5.10), with a 12-month trading range between GBX 322 ($4.33) and GBX 421.37 ($5.67).
• For the last quarter, Mears Group reported an EPS of GBX 28.62 ($0.38), with a net margin of 3.67% and a return on equity of 21.83%.

Mears Group (LON:MER - Free Report) had its price objective raised by Deutsche Bank Aktiengesellschaft from GBX 500 ($6.72) to GBX 510 ($6.85) in a research note published on Thursday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Mears Group Trading Down 0.8%

LON MER traded down GBX 3 ($0.04) during mid-day trading on Thursday, hitting GBX 376 ($5.05). The company's stock had a trading volume of 160,086 shares, compared to its average volume of 272,411. Mears Group has a 52-week low of GBX 322 ($4.33) and a 52-week high of GBX 421.37 ($5.66). The stock's fifty day simple moving average is GBX 391.78 and its two-hundred day simple moving average is GBX 384.77. 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 firm has a market capitalization of £329.41 million, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26.

Mears Group (LON:MER - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported GBX 28.62 ($0.38) earnings per share (EPS) for the quarter. Mears Group had a net margin of 3.67% and a return on equity of 21.83%. Research analysts expect that Mears Group will post 32.5150732 EPS for the current year.

Insider Activity

In related news, insider Andrew C. M. Smith purchased 6,500 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average cost of GBX 382 ($5.13) per share, with a total value of £24,830 ($33,351.24). Company insiders own 2.76% 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.