Mears Group (LON:MER) Receives Buy Rating from Peel Hunt

Key Points

• Mears Group's stock received a "buy" rating from Peel Hunt, with a price target of GBX 440, indicating a potential upside of 33.74% from its last close.
• Deutsche Bank raised its price target for Mears Group shares from GBX 500 to GBX 510, also maintaining a "buy" rating.
• Insider transactions included purchases by Andrew C. M. Smith and Jim Clarke, acquiring shares at average prices of GBX 382 and GBX 349, respectively.

Mears Group (LON:MER - Get Free Report)'s stock had its "buy" rating restated by analysts at Peel Hunt in a research report issued on Monday, Marketbeat reports. They currently have a GBX 440 price target on the stock. Peel Hunt's price objective would indicate a potential upside of 38.80% from the company's previous close.

Separately, Deutsche Bank Aktiengesellschaft increased their target price on Mears Group from GBX 500 to GBX 510 and gave the company a "buy" rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 475.

Mears Group Trading Down 0.3%

Mears Group stock traded down GBX 1 during mid-day trading on Monday, hitting GBX 317. The stock had a trading volume of 273,441 shares, compared to its average volume of 267,206. The stock has a 50-day simple moving average of GBX 362.83 and a two-hundred day simple moving average of GBX 380.81. The stock has a market capitalization of £261.23 million, a PE ratio of 593.41, a P/E/G ratio of 0.68 and a beta of 1.26. Mears Group has a 12 month low of GBX 311.50 and a 12 month high of GBX 421.37. The company has a current ratio of 0.87, a quick ratio of 0.92 and a debt-to-equity ratio of 139.90.

Mears Group (LON:MER - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported GBX 28.62 earnings per share (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 will post 32.5150732 EPS for the current year.

Insider Transactions at Mears Group

In other Mears Group news, insider Andrew C. M. Smith purchased 6,500 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were bought at an average price of GBX 382 per share, with a total value of £24,830. Also, insider Jim Clarke purchased 10,000 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were acquired at an average cost of GBX 349 per share, for a total transaction of £34,900. Company insiders own 1.55% 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.