Mears Group (LON:MER) Stock Crosses Above 200 Day Moving Average – What’s Next?

Mears Group plc (LON:MER)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 356.81 and traded as high as GBX 361.59. Mears Group shares last traded at GBX 358, with a volume of 109,130 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MER. Berenberg Bank started coverage on Mears Group in a research note on Tuesday, October 28th. They set a “buy” rating and a GBX 550 target price for the company. Panmure Gordon reissued a “buy” rating and issued a GBX 499 price objective on shares of Mears Group in a research report on Monday, December 8th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 440 target price on shares of Mears Group in a research report on Monday, December 8th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Mears Group has a consensus rating of “Buy” and a consensus price target of GBX 499.75.

Mears Group Trading Down 1.5%

The business has a 50 day simple moving average of GBX 359.84 and a 200-day simple moving average of GBX 356.81. The stock has a market capitalization of £295.02 million, a price-to-earnings ratio of 6.70, 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 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.