Mears Group (LON:MER) Given New GBX 420 Price Target at Numis Securities

Mears Group (LON:MER - Free Report) had its target price raised by Numis Securities from GBX 375 ($4.75) to GBX 420 ($5.32) in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have an add rating on the stock.

Mears Group Price Performance

LON:MER traded up GBX 12 ($0.15) during midday trading on Thursday, hitting GBX 373 ($4.72). 1,510,643 shares of the stock were exchanged, compared to its average volume of 380,954. Mears Group has a one year low of GBX 195.40 ($2.47) and a one year high of GBX 377 ($4.77). The company has a market capitalization of £365.24 million, a price-to-earnings ratio of 1,434.62, a P/E/G ratio of 0.68 and a beta of 1.17. The business has a 50-day moving average price of GBX 354.46 and a two-hundred day moving average price of GBX 312.80. The company has a current ratio of 1.04, a quick ratio of 0.92 and a debt-to-equity ratio of 104.41.

About Mears Group

Mears Group plc, through its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. It 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.