Mears Group (LON:MER) had its price objective decreased by Peel Hunt from GBX 550 ($7.60) to GBX 500 ($6.91) in a research report released on Tuesday morning. Peel Hunt currently has a buy rating on the stock.
Separately, Liberum Capital reduced their target price on shares of Mears Group from GBX 525 ($7.25) to GBX 480 ($6.63) and set a buy rating for the company in a research note on Tuesday, December 5th.
Shares of Mears Group (LON:MER) opened at GBX 340 ($4.70) on Tuesday. Mears Group has a one year low of GBX 357.50 ($4.94) and a one year high of GBX 533.50 ($7.37). The firm has a market capitalization of $396.67 and a price-to-earnings ratio of 1,619.05.
WARNING: This piece was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3294614/peel-hunt-lowers-mears-group-mer-price-target-to-gbx-500.html.
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.
Receive News & Ratings for Mears Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mears Group and related companies with MarketBeat.com's FREE daily email newsletter.