Berenberg Bank Reiterates “Buy” Rating for Mears Group (LON:MER)

Mears Group (LON:MER)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 565 price target on the stock. Berenberg Bank’s price objective points to a potential upside of 24.18% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 520 price objective on shares of Mears Group in a research report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 483.50.

Mears Group Stock Performance

MER stock opened at GBX 455 on Thursday. The stock has a market capitalization of £360.65 million, a PE ratio of 8.45, a price-to-earnings-growth ratio of 0.68 and a beta of 0.48. Mears Group has a 12-month low of GBX 310 and a 12-month high of GBX 456.50. The company has a current ratio of 0.79, a quick ratio of 0.92 and a debt-to-equity ratio of 157.98. The stock’s 50 day simple moving average is GBX 418.98 and its 200 day simple moving average is GBX 384.55.

Mears Group (LON:MER) last posted its earnings results on Thursday, August 6th. The company reported GBX 37.12 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 forecast that Mears Group will post 32.5150732 earnings per share for the current fiscal year.

Insider Buying and Selling at Mears Group

In other Mears Group news, insider Lucas Critchley acquired 9,217 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of GBX 416 per share, with a total value of £38,342.72. 1.80% of the stock is owned by corporate insiders.

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.