Mears Group (LON:MER) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Mears Group plc (LON:MER) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 349.16 and traded as high as GBX 356. Mears Group shares last traded at GBX 352.97, with a volume of 446,415 shares traded.

Wall Street Analyst Weigh In

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, March 26th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 503.50.

Mears Group Stock Performance

The company has a debt-to-equity ratio of 157.98, a current ratio of 0.79 and a quick ratio of 0.92. The stock has a 50 day simple moving average of GBX 348.83 and a two-hundred day simple moving average of GBX 349.16. The company has a market cap of £290.98 million, a PE ratio of 6.55, a PEG ratio of 0.68 and a beta of 0.31.

Mears Group (LON:MER) last issued its quarterly earnings data on Thursday, March 26th. The company reported GBX 55.70 earnings per share (EPS) for the quarter. Mears Group had a return on equity of 23.94% and a net margin of 4.07%. Equities analysts predict that Mears Group plc will post 32.5150732 EPS for the current year.

Mears Group announced that its Board of Directors has initiated a stock buyback plan on Wednesday, April 1st that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.