Mears Group (LON:MER) PT Lowered to GBX 300 at Jefferies Financial Group

Mears Group (LON:MER) had its price objective decreased by Jefferies Financial Group from GBX 380 ($4.97) to GBX 300 ($3.92) in a research note released on Thursday, ThisIsMoney.Co.Uk reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other equities analysts have also issued reports on MER. Liberum Capital restated a buy rating on shares of Mears Group in a research report on Tuesday, August 13th. Peel Hunt restated a buy rating and set a GBX 450 ($5.88) price target on shares of Mears Group in a research report on Tuesday, August 13th. Finally, Peel Hunt reiterated a buy rating and issued a GBX 450 ($5.88) price objective on shares of Mears Group in a research report on Tuesday, August 13th.

MER opened at GBX 268 ($3.50) on Thursday. The stock’s 50 day simple moving average is GBX 264.86 and its 200 day simple moving average is GBX 261.23. The company has a debt-to-equity ratio of 45.23, a current ratio of 1.15 and a quick ratio of 0.86. Mears Group has a 1 year low of GBX 220 ($2.87) and a 1 year high of GBX 400 ($5.23). The firm has a market cap of $296.11 million and a price-to-earnings ratio of 11.70.

Mears Group (LON:MER) last posted its quarterly earnings results on Tuesday, August 13th. The company reported GBX 9.16 ($0.12) earnings per share (EPS) for the quarter.

The firm also recently disclosed a dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be given a GBX 3.65 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a dividend yield of 1.35%. Mears Group’s dividend payout ratio is currently 0.79%.

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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