Insider Buying: Mears Group plc (LON:MER) Insider Purchases 6,500 Shares of Stock

Key Points

• Insider Andrew C. M. Smith purchased 6,500 shares of Mears Group stock on August 7th at a price of GBX 382 ($5.14) each, totaling approximately £24,830 ($33,382.63).
• Mears Group's stock is currently trading at GBX 382 ($5.14), down 1.0%, with analysts forecasting an earnings per share of 32.5 for the current year.
• Deutsche Bank raised its target price for Mears Group from GBX 500 ($6.72) to GBX 510 ($6.86) and maintains a "buy" rating for the company.

Mears Group plc (LON:MER - Get Free Report) insider Andrew C. M. Smith bought 6,500 shares of Mears Group stock in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of GBX 382 ($5.14) per share, with a total value of £24,830 ($33,382.63).

Mears Group Stock Down 1.0%

Mears Group stock opened at GBX 382 ($5.14) on Monday. Mears Group plc has a fifty-two week low of GBX 322 ($4.33) and a fifty-two week high of GBX 421.37 ($5.67). The company has a debt-to-equity ratio of 139.90, a quick ratio of 0.92 and a current ratio of 0.87. The company has a market capitalization of £334.67 million, a P/E ratio of 8.51, a PEG ratio of 0.68 and a beta of 1.26. The stock has a 50-day simple moving average of GBX 392.41 and a 200-day simple moving average of GBX 384.58.

Mears Group (LON:MER - Get Free Report) last posted 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 return on equity of 21.83% and a net margin of 3.67%. Equities research analysts expect that Mears Group plc will post 32.5150732 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on Mears Group from GBX 500 ($6.72) to GBX 510 ($6.86) and gave the company a "buy" rating in a report on Thursday.

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.

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