Mears Group (LON:MER) Earns "Buy" Rating from Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “Buy” rating on Mears Group and set a GBX 565 price target, implying 26.82% potential upside from the current price.
• Deutsche Bank also maintained a “Buy” rating with a GBX 520 target; all four analysts covering the stock rate it a Buy, with a consensus target of GBX 506.
• Mears Group shares opened at GBX 445.50, near their 52-week high of GBX 452, while insiders recently sold shares and company insiders retain a 1.79% ownership stake.

Mears Group (LON:MER - Get Free Report)'s stock had its "buy" rating reissued by Berenberg Bank in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 565 price target on the stock. Berenberg Bank's price objective points to a potential upside of 26.82% from the stock's current price.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 520 price objective on shares of Mears Group in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Mears Group has an average rating of "Buy" and a consensus price target of GBX 506.

Mears Group Stock Performance

Shares of MER opened at GBX 445.50 on Thursday. Mears Group has a 1 year low of GBX 310 and a 1 year high of GBX 452. The company has a market cap of £354.57 million, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 0.68 and a beta of 0.47. The company has a debt-to-equity ratio of 157.98, a quick ratio of 0.92 and a current ratio of 0.79. The firm has a fifty day moving average of GBX 417.90 and a 200-day moving average of GBX 383.46.

Insider Buying and Selling

In other Mears Group news, insider Lucas Critchley sold 60,984 shares of Mears Group stock in a transaction on Friday, May 8th. The stock was sold at an average price of GBX 401, for a total transaction of £244,545.84. Also, insider Andrew C. M. Smith sold 108,303 shares of Mears Group stock in a transaction on Friday, May 8th. The shares were sold at an average price of GBX 401, for a total value of £434,295.03. Corporate insiders own 1.79% 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. It provides housing management services, which include supply of affordable homes to public and private sectors; emergency and temporary accommodation services; affordable housing/social housing management; housing with care services; private rented sector; stock acquisition; mears housing solutions; and housing services to central government departments.

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