Liberum Capital Cuts Mears Group (MER) Price Target to GBX 450

Mears Group (LON:MER) had its price objective decreased by Liberum Capital from GBX 480 ($6.63) to GBX 450 ($6.22) in a research note released on Tuesday morning. Liberum Capital currently has a buy rating on the stock.

Separately, Peel Hunt reissued a buy rating and issued a GBX 550 ($7.60) price target on shares of Mears Group in a report on Tuesday, December 5th.

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Shares of Mears Group (LON MER) opened at GBX 340 ($4.70) on Tuesday. The stock has a market cap of $396.67 and a price-to-earnings ratio of 1,619.05. Mears Group has a twelve month low of GBX 357.50 ($4.94) and a twelve month high of GBX 533.50 ($7.37).

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Mears Group Company Profile

Mears Group PLC, through its subsidiaries, provides a range of outsourced services to the public and private sectors in the United Kingdom. It operates in two segments, Housing and Care. The company offers rapid response and planned maintenance services to local authorities and registered social landlords, including responsive repairs; gas and voids services; maintenance, repairs, capital works, and energy investment solution for public buildings; estate cleaning services; and grounds maintenance, hard landscaping, soft landscaping, and arboriculture.

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