Insider Buying: Mears Group plc (LON:MER) Insider Acquires 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 purchased 6,500 shares of the business's stock in a transaction on Thursday, August 7th. The shares were bought at an average cost of GBX 382 ($5.17) per share, with a total value of £24,830 ($33,594.91).

Mears Group Trading Down 1.2%

LON:MER traded down GBX 4.50 ($0.06) during midday trading on Friday, hitting GBX 365 ($4.94). The stock had a trading volume of 125,677 shares, compared to its average volume of 269,954. The stock has a 50-day moving average of GBX 389.40 and a 200 day moving average of GBX 384.72. The company has a quick ratio of 0.92, a current ratio of 0.87 and a debt-to-equity ratio of 139.90. The company has a market capitalization of £319.77 million, a price-to-earnings ratio of 8.13, a PEG ratio of 0.68 and a beta of 1.26. Mears Group plc has a one year low of GBX 322 ($4.36) and a one year high of GBX 421.37 ($5.70).

Mears Group (LON:MER - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported GBX 28.62 ($0.39) EPS for the quarter. Mears Group had a return on equity of 21.83% and a net margin of 3.67%. As a group, sell-side analysts forecast that Mears Group plc will post 32.5150732 EPS for the current year.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on Mears Group from GBX 500 ($6.76) to GBX 510 ($6.90) and gave the company a "buy" rating in a research report on Thursday, August 7th.

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.