Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Mears Group (LON:MER) Stock

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 target lifted by Deutsche Bank Aktiengesellschaft from GBX 500 ($6.72) to GBX 510 ($6.86) in a research report sent to investors on Thursday morning, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Mears Group Stock Performance

Shares of MER stock traded up GBX 2.50 ($0.03) on Thursday, hitting GBX 386 ($5.19). 193,970 shares of the stock traded hands, compared to its average volume of 273,846. The company's fifty day moving average is GBX 392.41 and its 200 day moving average is GBX 384.35. Mears Group has a 1-year low of GBX 322 ($4.33) and a 1-year high of GBX 421.37 ($5.67). The company has a market capitalization of £338.17 million, a PE ratio of 8.60, a PEG ratio of 0.68 and a beta of 1.26. The company has a debt-to-equity ratio of 139.90, a current ratio of 0.87 and a quick ratio of 0.92.

Mears Group (LON:MER - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported GBX 28.62 ($0.38) earnings per share for the quarter. Mears Group had a net margin of 3.67% and a return on equity of 21.83%. On average, equities research analysts predict that Mears Group will post 32.5150732 earnings per share for the current fiscal 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.