Mears Group (LON:MER) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Mears Group (LON:MER) in a research note released on Thursday morning, MarketBeat reports. Berenberg Bank currently has a GBX 565 target price on the stock.

Several other equities research analysts have also recently weighed in on MER. Panmure Gordon reissued a “buy” rating and issued a GBX 499 price target on shares of Mears Group in a research note on Monday, December 8th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 440 price objective on shares of Mears Group in a research note on Monday, December 8th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Mears Group has an average rating of “Buy” and an average target price of GBX 503.50.

Mears Group Stock Performance

Shares of Mears Group stock opened at GBX 354 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.77 and a debt-to-equity ratio of 162.62. Mears Group has a twelve month low of GBX 310 and a twelve month high of GBX 421.37. The stock has a market cap of £291.72 million, a price-to-earnings ratio of 6.63, a P/E/G ratio of 0.68 and a beta of 0.31. The company’s fifty day moving average is GBX 351.79 and its 200 day moving average is GBX 348.13.

Mears Group (LON:MER) last announced its 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 25.81% and a net margin of 4.28%. Sell-side analysts forecast that Mears Group will post 32.5150732 EPS for the current year.

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.