Mears Group (LON:MER) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Mears Group plc (LON:MER) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 387.67 and traded as high as GBX 437.50. Mears Group shares last traded at GBX 431, with a volume of 79,938 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MER shares. Berenberg Bank reiterated a “buy” rating and set a GBX 565 price target on shares of Mears Group in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 430 price objective on shares of Mears Group in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 483.50.

Mears Group Stock Down 0.9%

The company has a current ratio of 0.86, a quick ratio of 0.92 and a debt-to-equity ratio of 144.62. The firm has a market cap of £341.62 million, a price-to-earnings ratio of 8.00, a PEG ratio of 0.68 and a beta of 0.47. The firm has a 50-day moving average of GBX 423.31 and a two-hundred day moving average of GBX 387.67.

Mears Group (LON:MER) last released its earnings results on Thursday, August 6th. The company reported GBX 37.12 earnings per share (EPS) for the quarter. Mears Group had a return on equity of 25.52% and a net margin of 4.66%. As a group, sell-side analysts predict that Mears Group plc will post 32.5150732 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Lucas Critchley bought 9,217 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of GBX 416 per share, with a total value of £38,342.72. Insiders own 1.80% of the company’s stock.

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.