Mears Group (LON:MER) Price Target Raised to GBX 565 at Berenberg Bank

Mears Group (LON:MER) had its price target hoisted by Berenberg Bank from GBX 550 to GBX 565 in a report released on Thursday, MarketBeat reports. Berenberg Bank currently has a buy rating on the stock.

MER has been the topic of a number of other reports. Peel Hunt reiterated a “buy” rating and set a GBX 440 price objective on shares of Mears Group in a research note on Monday, December 8th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 499 target price on shares of Mears Group in a report on Monday, December 8th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 503.50.

Mears Group Trading Up 2.6%

Shares of MER stock opened at GBX 357.50 on Thursday. The stock has a market capitalization of £294.61 million, a price-to-earnings ratio of 6.69, a PEG ratio of 0.68 and a beta of 1.26. The company’s fifty day simple moving average is GBX 358.80 and its two-hundred day simple moving average is GBX 354.38. Mears Group has a 1 year low of GBX 310 and a 1 year high of GBX 421.37. The company has a debt-to-equity ratio of 139.90, a current ratio of 0.87 and a quick ratio of 0.92.

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. 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.