Mears Group (LON:MER) Insider Jim Clarke Buys 10,000 Shares

Key Points

• Jim Clarke, an insider at Mears Group, purchased 10,000 shares at an average price of GBX 349, totaling £34,900 on August 28th.
• Deutsche Bank upgraded Mears Group's target price from GBX 500 to GBX 510 and issued a "buy" rating, reflecting a positive outlook for the stock.
• Mears Group reported a return on equity of 21.83% and projected an earnings per share (EPS) of 32.5150732 for the current year.

Mears Group plc (LON:MER - Get Free Report) insider Jim Clarke acquired 10,000 shares of Mears Group stock in a transaction dated Thursday, August 28th. The shares were bought at an average cost of GBX 349 per share, for a total transaction of £34,900.

Mears Group Stock Performance

LON MER opened at GBX 345 on Friday. The firm has a market cap of £302.25 million, a PE ratio of 7.69, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26. Mears Group plc has a 1-year low of GBX 322 and a 1-year high of GBX 421.37. The stock has a 50-day moving average of GBX 379.99 and a 200-day moving average of GBX 384.79. 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 plc will post 32.5150732 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised their target price on shares of Mears Group from GBX 500 to GBX 510 and gave the company a "buy" rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Mears Group currently has an average rating of "Buy" and a consensus price target of GBX 510.

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.

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