Mears Group (LON:MER) Stock Passes Above 200-Day Moving Average - What's Next?

Key Points

• Mears Group plc stock surpassed its two hundred day moving average, closing at GBX 386.50 ($5.14) after reaching a high of GBX 387.50 ($5.15) during trading.
• The company has a market cap of £338.17 million and a debt-to-equity ratio of 139.90, indicating a high level of debt relative to equity.
• Insider Andrew C. M. Smith sold 108,411 shares at an average price of GBX 393 ($5.23), amounting to a total transaction of £426,055.23 ($566,487.48) on May 8th.

Mears Group plc (LON:MER - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 383.80 ($5.16) and traded as high as GBX 387.50 ($5.21). Mears Group shares last traded at GBX 386.50 ($5.20), with a volume of 423,932 shares.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft upped their price target on Mears Group from GBX 500 ($6.72) to GBX 510 ($6.86) and gave the stock a "buy" rating in a research note on Thursday.

Mears Group Price Performance

The company has a 50-day simple moving average of GBX 392.41 and a 200-day simple moving average of GBX 384.35. The stock has a market cap of £338.17 million, a PE ratio of 8.60, a PEG ratio of 0.68 and a beta of 1.26. The company has a debt-to-equity ratio of 139.90, a current ratio of 0.87 and a quick ratio of 0.92.

Mears Group (LON:MER - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported GBX 28.62 ($0.38) earnings per share (EPS) for the quarter. Mears Group had a return on equity of 21.83% and a net margin of 3.67%. Sell-side analysts anticipate that Mears Group plc will post 32.5150732 EPS for the current fiscal year.

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.