Mears Group (LON:MER) Announces Quarterly Earnings Results

Mears Group (LON:MER) released its earnings results on Thursday. The company reported GBX 55.70 EPS for the quarter, Digital Look Earnings reports. Mears Group had a return on equity of 25.81% and a net margin of 4.28%.

Mears Group Stock Performance

Shares of MER stock traded up GBX 10 during trading hours on Thursday, reaching GBX 345.50. The stock had a trading volume of 156,448 shares, compared to its average volume of 250,122. The firm has a market capitalization of £284.72 million, a PE ratio of 6.47, a price-to-earnings-growth ratio of 0.68 and a beta of 0.31. The firm has a 50-day simple moving average of GBX 351.87 and a 200-day simple moving average of GBX 348.09. Mears Group has a twelve month low of GBX 310 and a twelve month high of GBX 421.37. The company has a debt-to-equity ratio of 162.62, a current ratio of 0.77 and a quick ratio of 0.92.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MER shares. Panmure Gordon reiterated a “buy” rating and issued a GBX 499 price target on shares of Mears Group in a report on Monday, December 8th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 440 price objective on shares of Mears Group in a report on Monday, December 8th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 565 target price on shares of Mears Group in a research note on Thursday. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Mears Group has a consensus rating of “Buy” and a consensus price target of GBX 503.50.

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.