Mears Group (LON:MER) Issues Quarterly Earnings Results

Mears Group (LON:MER) announced its quarterly earnings data on Thursday. The company reported GBX 37.12 earnings per share for the quarter, Digital Look Earnings reports. Mears Group had a return on equity of 23.94% and a net margin of 4.07%.

Mears Group Price Performance

Shares of MER opened at GBX 450.50 on Friday. The business’s 50-day moving average is GBX 418.18 and its two-hundred day moving average is GBX 384.05. The company has a market capitalization of £357.08 million, a P/E ratio of 8.36, a P/E/G ratio of 0.68 and a beta of 0.48. The company has a debt-to-equity ratio of 157.98, a quick ratio of 0.92 and a current ratio of 0.79. Mears Group has a fifty-two week low of GBX 310 and a fifty-two week high of GBX 452.

Insider Activity at Mears Group

In related news, insider Lucas Critchley bought 9,217 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of GBX 416 per share, with a total value of £38,342.72. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MER shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 565 target price on shares of Mears Group in a report on Thursday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 430 price target on shares of Mears Group in a research report on Friday. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Mears Group presently has an average rating of “Buy” and a consensus target price of GBX 483.50.

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.