Mears Group (LON:MER) Shares Cross Above 200-Day Moving Average of $315.84

Mears Group plc (LON:MER) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 315.84 ($3.93) and traded as high as GBX 367.85 ($4.58). Mears Group shares last traded at GBX 363 ($4.52), with a volume of 1,378,320 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Numis Securities boosted their price target on Mears Group from GBX 375 ($4.67) to GBX 420 ($5.23) and gave the company an “add” rating in a report on Thursday, April 11th.

Mears Group Price Performance

The company has a fifty day simple moving average of GBX 356.72 and a two-hundred day simple moving average of GBX 315.84. The company has a debt-to-equity ratio of 145.24, a quick ratio of 0.92 and a current ratio of 0.96. The company has a market capitalization of £351.05 million, a price-to-earnings ratio of 1,396.15, a P/E/G ratio of 0.68 and a beta of 1.18.

Mears Group Company Profile

Mears Group plc, through its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. It 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.