Shares of Mears Group plc (LON:MER – Get Free Report) shot up 1.1% during mid-day trading on Wednesday. The company traded as high as GBX 455 and last traded at GBX 454. 97,159 shares changed hands during trading, a decline of 74% from the average session volume of 379,249 shares. The stock had previously closed at GBX 449.
Analyst Ratings Changes
MER has been the topic of a number of recent analyst reports. Berenberg Bank lifted their price objective on shares of Mears Group from GBX 565 to GBX 600 and gave the company a “buy” rating in a research note on Tuesday, October 13th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 430 price objective on shares of Mears Group in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 492.25.
Mears Group Stock Up 1.1%
The company has a debt-to-equity ratio of 144.62, a current ratio of 0.86 and a quick ratio of 0.92. The firm has a market cap of £352.73 million, a PE ratio of 7.30, a P/E/G ratio of 0.68 and a beta of 0.47. The business has a fifty day moving average price of GBX 417.13 and a two-hundred day moving average price of GBX 397.48.
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.
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