Peel Hunt Lowers Mears Group (MER) Price Target to GBX 500

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.

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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.

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About Mears Group

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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