Mears Group (LON:MER) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Mears Group shares crossed above their 200-day moving average, reaching GBX 437.50 before last trading at GBX 431, compared with a 200-day average of GBX 387.67.
• Analysts remain broadly positive, with all four tracked analysts rating the stock “Buy” and a consensus price target of GBX 483.50. Deutsche Bank set a GBX 430 target, while Berenberg issued a higher GBX 565 target.
• The company reported quarterly EPS of GBX 37.12, a 4.66% net margin and 25.52% return on equity; insider Lucas Critchley also bought 9,217 shares at GBX 416 each in May.

Mears Group plc (LON:MER - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 387.67 and traded as high as GBX 437.50. Mears Group shares last traded at GBX 431, with a volume of 79,938 shares.

Analyst Ratings Changes

Several equities research analysts have weighed in on MER shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 430 target price on shares of Mears Group in a report on Friday, August 7th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 565 price objective on shares of Mears Group in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of GBX 483.50.

Mears Group Trading Down 0.9%

The company has a market capitalization of £341.62 million, a PE ratio of 8.00, a price-to-earnings-growth ratio of 0.68 and a beta of 0.47. The company has a debt-to-equity ratio of 144.62, a current ratio of 0.86 and a quick ratio of 0.92. The company's fifty day moving average is GBX 423.31 and its 200-day moving average is GBX 387.67.

Mears Group (LON:MER - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported GBX 37.12 EPS for the quarter. Mears Group had a net margin of 4.66% and a return on equity of 25.52%. On average, analysts anticipate that Mears Group plc will post 32.5150732 EPS for the current fiscal year.

Insider Activity

In related news, insider Lucas Critchley bought 9,217 shares of the company's stock in a transaction on Friday, May 22nd. The shares were bought at an average price of GBX 416 per share, with a total value of £38,342.72. 1.80% of the stock is currently owned by company insiders.

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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