Mears Group (LON:MER) Stock Price Up 1.1% – What’s Next?

Shares of Mears Group plc (LON:MER) traded up 1.1% on Wednesday. The stock traded as high as GBX 455 and last traded at GBX 454. 97,159 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 379,249 shares. The stock had previously closed at GBX 449.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MER shares. Berenberg Bank raised their price target on Mears Group from GBX 565 to GBX 600 and gave the stock a “buy” rating in a research note on Tuesday, October 13th. Deutsche Bank reissued a “buy” rating and issued a GBX 430 price target on shares of Mears Group in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Mears Group has a consensus rating of “Buy” and an average price target of GBX 492.25.

Mears Group Stock Up 1.1%

The company has a debt-to-equity ratio of 144.62, a current ratio of 0.86 and a quick ratio of 0.92. The firm has a market capitalization of £352.73 million, a P/E ratio of 7.30, a price-to-earnings-growth ratio of 0.68 and a beta of 0.47. The business has a 50 day moving average price of GBX 417.13 and a 200 day moving average price of GBX 397.48.

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.