Mears Group (LON:MER) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Mears Group plc (LON:MER) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 353.60 and traded as high as GBX 381. Mears Group shares last traded at GBX 378.88, with a volume of 109,578 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 565 price objective on shares of Mears Group in a report on Thursday, March 26th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Mears Group presently has an average rating of “Buy” and an average price target of GBX 503.50.

Mears Group Stock Performance

The firm’s 50-day moving average is GBX 352.12 and its two-hundred day moving average is GBX 353.60. The company has a quick ratio of 0.92, a current ratio of 0.79 and a debt-to-equity ratio of 157.98. The stock has a market cap of £312.34 million, a P/E ratio of 7.03, a price-to-earnings-growth ratio of 0.68 and a beta of 0.37.

Mears Group (LON:MER) last released its quarterly earnings results 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%. As a group, research analysts expect that Mears Group plc will post 32.5150732 EPS for the current year.

Mears Group declared that its board has initiated a share buyback plan on Wednesday, April 1st that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.