Mears Group (LON:MER) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Mears Group plc (LON:MER) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 410.12 and traded as high as GBX 428.50. Mears Group shares last traded at GBX 426, with a volume of 109,875 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Berenberg Bank increased their price target on shares of Mears Group from GBX 565 to GBX 600 and gave the company a “buy” rating in a research note on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 430 price objective on shares of Mears Group in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Mears Group currently has a consensus rating of “Buy” and a consensus target price of GBX 492.25.

Mears Group Price Performance

The company has a market capitalization of £326.33 million, a P/E ratio of 6.71, a price-to-earnings-growth ratio of 0.68 and a beta of 0.47. The company’s 50-day moving average price is GBX 417.86 and its two-hundred day moving average price is GBX 411.33. The company has a debt-to-equity ratio of 144.62, a current ratio of 0.86 and a quick ratio of 0.92.

Mears Group (LON:MER) last posted its earnings results on Thursday, August 6th. The company reported GBX 37.12 earnings per share (EPS) for the quarter. Mears Group had a net margin of 4.66% and a return on equity of 25.52%. As a group, sell-side analysts expect that Mears Group plc 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.