Mears Group's (MER) "Buy" Rating Reiterated at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reaffirmed its “Buy” rating on Mears Group with a GBX 430 price target, while Berenberg also maintained a “Buy” rating with a GBX 565 target. Analysts’ consensus rating is “Buy,” with an average target of GBX 483.50.
• Mears Group shares rose 4.3% to open at GBX 448.50, near their 52-week high of GBX 452. The company has a market capitalization of approximately £355.5 million and trades at a P/E ratio of 8.33.
• In its latest results, Mears reported quarterly EPS of GBX 37.12, a 4.07% net margin and a 23.94% return on equity. Insider Lucas Critchley also bought 9,217 shares worth about £38,343.

Mears Group (LON:MER - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Friday,Digital Look reports. They currently have a GBX 430 price objective on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential downside of 4.12% from the stock's previous close.

Separately, Berenberg Bank restated a "buy" rating and set a GBX 565 target price on shares of Mears Group in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of GBX 483.50.

Mears Group Trading Up 4.3%

LON MER opened at GBX 448.50 on Friday. The company's fifty day simple moving average is GBX 418.18 and its 200-day simple moving average is GBX 384.05. Mears Group has a 52 week low of GBX 310 and a 52 week high of GBX 452. The company has a current ratio of 0.79, a quick ratio of 0.92 and a debt-to-equity ratio of 157.98. The stock has a market cap of £355.49 million, a P/E ratio of 8.33, a PEG ratio of 0.68 and a beta of 0.48.

Mears Group (LON:MER - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported GBX 37.12 earnings per share for the quarter. Mears Group had a net margin of 4.07% and a return on equity of 23.94%. Equities research analysts predict that Mears Group will post 32.5150732 EPS for the current fiscal year.

Insider Buying and Selling at Mears Group

In related news, insider Lucas Critchley purchased 9,217 shares of the firm's stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of GBX 416 per share, with a total value of £38,342.72. Insiders own 1.80% 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. 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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