Mears Group (LON:MER) Given “Buy” Rating at Deutsche Bank Aktiengesellschaft

Mears Group (LON:MER)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 520 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 24.11% from the stock’s previous close.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 565 target price on shares of Mears Group in a research note on Thursday, March 26th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Mears Group has a consensus rating of “Buy” and an average price target of GBX 506.

Mears Group Stock Performance

MER traded up GBX 11 during trading hours on Wednesday, hitting GBX 419. 663,292 shares of the stock were exchanged, compared to its average volume of 428,260. The stock has a 50-day simple moving average of GBX 400.77 and a 200-day simple moving average of GBX 370.57. Mears Group has a 12 month low of GBX 310 and a 12 month high of GBX 428.50. The stock has a market cap of £337.77 million, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 0.68 and a beta of 0.48. The company has a debt-to-equity ratio of 157.98, a current ratio of 0.79 and a quick ratio of 0.92.

Mears Group declared that its Board of Directors has approved a share buyback plan on Wednesday, April 1st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Mears Group

In other news, insider Lucas Critchley sold 60,984 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of GBX 401, for a total transaction of £244,545.84. Also, insider Andrew C. M. Smith sold 108,303 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of GBX 401, for a total value of £434,295.03. 1.76% of the stock is currently owned by corporate insiders.

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.