Mears Group (LON:MER) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Mears Group (LON:MER) had its target price raised by equities research analysts at Berenberg Bank from GBX 565 to GBX 600 in a note issued to investors on Tuesday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 46.34% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 430 target price on shares of Mears Group in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Mears Group has an average rating of “Buy” and an average target price of GBX 492.25.

Mears Group Trading Up 0.1%

Shares of MER stock opened at GBX 410 on Tuesday. The company’s 50-day moving average price is GBX 419.75 and its 200-day moving average price is GBX 407.39. 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 stock has a market cap of £320.46 million, a price-to-earnings ratio of 6.59, a PEG ratio of 0.68 and a beta of 0.47. Mears Group has a twelve month low of GBX 320.50 and a twelve month high of GBX 460.

Mears Group (LON:MER) last announced its quarterly earnings data on Thursday, August 6th. The company reported GBX 37.12 earnings per share (EPS) for the quarter. Mears Group had a net margin of 4.66% and a return on equity of 25.52%. As a group, equities analysts predict that Mears Group will post 32.52 earnings per share for the current year.

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.