Mears Group (LON:MER) Price Target Raised to GBX 600

Mears Group (LON:MER) had its price objective lifted by Berenberg Bank from GBX 565 to GBX 600 in a report issued on Tuesday morning,Digital Look reports. The firm currently has a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 430 target price on shares of Mears Group in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 492.25.

Mears Group Trading Up 3.3%

Shares of LON MER opened at GBX 423.50 on Tuesday. Mears Group has a 12-month low of GBX 320.50 and a 12-month high of GBX 460. The company has a market cap of £331.02 million, a price-to-earnings ratio of 6.81, a price-to-earnings-growth ratio of 0.68 and a beta of 0.47. The company has a current ratio of 0.86, a quick ratio of 0.92 and a debt-to-equity ratio of 144.62. The stock’s 50 day simple moving average is GBX 419.62 and its 200 day simple moving average is GBX 407.98.

Mears Group (LON:MER) last released its quarterly earnings data on Thursday, August 6th. The company reported GBX 37.12 earnings per share (EPS) for the quarter. Mears Group had a return on equity of 25.52% and a net margin of 4.66%. Equities research analysts expect that Mears Group will post 32.52 EPS for the current year.

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.