Mears Group (LON:MER) Earns Buy Rating from Deutsche Bank Aktiengesellschaft

Mears Group (LON:MER)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank Aktiengesellschaft in a report issued on Friday,London Stock Exchange reports. They presently have a GBX 520 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 31.65% from the stock’s previous close.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 565 price objective on shares of Mears Group in a research note on Thursday, March 26th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 506.

Mears Group Trading Down 1.4%

MER traded down GBX 5.50 during trading on Friday, hitting GBX 395. 343,378 shares of the stock were exchanged, compared to its average volume of 353,861. The company has a debt-to-equity ratio of 157.98, a quick ratio of 0.92 and a current ratio of 0.79. The firm has a 50 day simple moving average of GBX 362.60 and a 200 day simple moving average of GBX 359.35. The firm has a market cap of £323.59 million, a price-to-earnings ratio of 7.33, a P/E/G ratio of 0.68 and a beta of 0.37. Mears Group has a 1 year low of GBX 310 and a 1 year high of GBX 421.37.

Mears Group (LON:MER) last issued its earnings results on Thursday, March 26th. The company reported GBX 55.70 earnings per share for the quarter. Mears Group had a return on equity of 23.94% and a net margin of 4.07%. As a group, equities analysts expect that Mears Group will post 32.5150732 EPS for the current year.

Mears Group announced that its board has authorized a share repurchase program on Wednesday, April 1st that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Mears Group

In other news, insider Lucas Critchley sold 60,984 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of GBX 401, for a total value of £244,545.84. Also, insider Andrew C. M. Smith sold 108,303 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of GBX 401, for a total value of £434,295.03. 1.55% of the stock is currently owned by company 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.