Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for Mears Group (LON:MER)

Mears Group (LON:MER)‘s stock had its “buy” rating reiterated by Deutsche Bank Aktiengesellschaft in a report issued on Friday,Digital Look reports. They currently have a GBX 430 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential downside of 4.12% from the company’s previous close.

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 565 price target on shares of Mears Group in a research report on Thursday. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 483.50.

Mears Group Trading Up 4.3%

Shares of LON MER opened at GBX 448.50 on Friday. The stock’s 50 day moving average price is GBX 418.18 and its two-hundred day moving average price is GBX 384.05. Mears Group has a 52-week low of GBX 310 and a 52-week high of GBX 452. The stock has a market capitalization of £355.49 million, a P/E ratio of 8.33, a PEG ratio of 0.68 and a beta of 0.48. The company has a quick ratio of 0.92, a current ratio of 0.79 and a debt-to-equity ratio of 157.98.

Mears Group (LON:MER) last released its earnings results on Thursday, August 6th. The company reported GBX 37.12 EPS for the quarter. Mears Group had a return on equity of 23.94% and a net margin of 4.07%. On average, analysts anticipate that Mears Group will post 32.5150732 earnings per share for the current fiscal year.

Insider Buying and Selling at Mears Group

In other Mears Group news, insider Lucas Critchley acquired 9,217 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of GBX 416 per share, with a total value of £38,342.72. 1.80% of the stock is currently owned by corporate insiders.

About Mears Group

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.