Jefferies Financial Group Cuts Mears Group (LON:MER) Price Target to GBX 300

Mears Group (LON:MER) had its target price reduced by Jefferies Financial Group from GBX 380 ($4.97) to GBX 300 ($3.92) in a report published on Thursday, ThisIsMoney.Co.Uk reports. Jefferies Financial Group currently has a hold rating on the stock.

Other equities research analysts have also issued reports about the stock. Liberum Capital reiterated a buy rating on shares of Mears Group in a research note on Tuesday, August 13th. Peel Hunt reiterated a buy rating and set a GBX 450 ($5.88) price target on shares of Mears Group in a research note on Tuesday, August 13th. Finally, Peel Hunt reiterated a buy rating and set a GBX 450 ($5.88) price target on shares of Mears Group in a research note on Tuesday, August 13th.

Shares of LON:MER opened at GBX 268 ($3.50) on Thursday. The company’s fifty day moving average price is GBX 264.86 and its 200 day moving average price is GBX 261.23. Mears Group has a 12 month low of GBX 220 ($2.87) and a 12 month high of GBX 400 ($5.23). The company has a debt-to-equity ratio of 45.23, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a market capitalization of $296.11 million and a P/E ratio of 11.70.

Mears Group (LON:MER) last announced its quarterly earnings results on Tuesday, August 13th. The company reported GBX 9.16 ($0.12) EPS for the quarter.

The firm also recently disclosed a dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be given a dividend of GBX 3.65 ($0.05) per share. This represents a yield of 1.35%. The ex-dividend date of this dividend is Thursday, October 3rd. Mears Group’s payout ratio is currently 0.79%.

Mears Group Company Profile

Mears Group PLC, through its subsidiaries, provides a range of outsourced services to the public and private sectors in the United Kingdom. It operates in two segments, Housing and Care. The company offers rapid response and planned maintenance services to local authorities and registered social landlords, including responsive repairs; gas and voids services; maintenance, repairs, capital works, and energy investment solution for public buildings; estate cleaning services; and grounds maintenance, hard landscaping, soft landscaping, and arboriculture.

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