Mears Group (LON:MER) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Mears Group plc (LON:MER) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 370.07 and traded as high as GBX 407. Mears Group shares last traded at GBX 403.26, with a volume of 4,474,357 shares.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 520 target price on shares of Mears Group in a research note on Friday, May 15th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 565 price target on shares of Mears Group in a research note on Thursday, March 26th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Mears Group currently has an average rating of “Buy” and an average price target of GBX 506.

Mears Group Trading Down 0.3%

The company has a current ratio of 0.79, a quick ratio of 0.92 and a debt-to-equity ratio of 157.98. The firm has a 50-day moving average price of GBX 399.45 and a 200-day moving average price of GBX 370.07. The company has a market capitalization of £325.08 million, a price-to-earnings ratio of 7.49, a PEG ratio of 0.68 and a beta of 0.48.

Mears Group (LON:MER) last announced its quarterly earnings data on Thursday, March 26th. The company reported GBX 55.70 earnings per share for the quarter. Mears Group had a return on equity of 23.94% and a net margin of 4.07%. As a group, sell-side analysts predict that Mears Group plc will post 32.5150732 EPS for the current year.

Mears Group announced that its Board of Directors has authorized a share buyback program on Wednesday, April 1st that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at Mears Group

In other news, insider Andrew C. M. Smith sold 108,303 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of GBX 401, for a total transaction of £434,295.03. Also, insider Lucas Critchley sold 60,984 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of GBX 401, for a total value of £244,545.84. Insiders own 1.76% of the company’s stock.

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.