Mears Group (LON:MER) Insider Acquires £34,900 in Stock

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 bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The shares were acquired at an average price of GBX 349 per share, for a total transaction of £34,900.

Mears Group Trading Down 0.3%

Shares of Mears Group stock traded down GBX 1 on Wednesday, hitting GBX 337. 141,005 shares of the company's stock traded hands, compared to its average volume of 262,254. Mears Group plc has a one year low of GBX 322 and a one year high of GBX 421.37. The company has a debt-to-equity ratio of 139.90, a current ratio of 0.87 and a quick ratio of 0.92. The company has a fifty day moving average of GBX 376.97 and a two-hundred day moving average of GBX 384.50. The company has a market capitalization of £281.34 million, a price-to-earnings ratio of 689.73, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26.

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 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 expect that Mears Group plc will post 32.5150732 earnings per share for the current year.

Analyst Ratings Changes

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

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.