Mears Group (LON:MER) Given “Buy” Rating at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Mears Group (LON:MER) in a report published on Monday morning, MarketBeat Ratings reports. They currently have a GBX 440 price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft upped their target price on shares of Mears Group from GBX 500 to GBX 510 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Two 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 price target of GBX 475.

Mears Group Price Performance

Mears Group stock opened at GBX 327 on Monday. The company’s 50 day simple moving average is GBX 366.42 and its 200-day simple moving average is GBX 382.01. The company has a market capitalization of £269.47 million, a price-to-earnings ratio of 612.13, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26. Mears Group has a 1 year low of GBX 311.50 and a 1 year high of GBX 421.37. The company has a debt-to-equity ratio of 139.90, a quick ratio of 0.92 and a current ratio of 0.87.

Mears Group (LON:MER) last announced its earnings results on Thursday, August 7th. The company reported GBX 28.62 earnings per share for the quarter. Mears Group had a net margin of 3.67% and a return on equity of 21.83%. As a group, equities research analysts expect that Mears Group will post 32.5150732 earnings per share for the current year.

Insider Activity at Mears Group

In other news, insider Andrew C. M. Smith purchased 6,500 shares of the stock in a transaction on Thursday, August 7th. The stock was bought at an average price of GBX 382 per share, for a total transaction of £24,830. Also, insider Jim Clarke purchased 10,000 shares of the stock in a transaction on Thursday, August 28th. The shares were purchased at an average price of GBX 349 per share, with a total value of £34,900. Insiders own 1.55% of the company’s stock.

About Mears Group

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.