Mears Group PLC (MER) PT Raised to GBX 525 at Liberum Capital

Mears Group PLC (LON:MER) had its price target hoisted by investment analysts at Liberum Capital from GBX 500 ($6.58) to GBX 525 ($6.91) in a research report issued on Friday. The firm presently has a “buy” rating on the stock. Liberum Capital’s target price points to a potential upside of 14.13% from the company’s previous close.

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 550 ($7.23) price target on shares of Mears Group PLC in a research note on Tuesday, August 15th.

Mears Group PLC (LON:MER) opened at GBX 460 ($6.05) on Friday. Mears Group PLC has a 52 week low of GBX 420.25 ($5.53) and a 52 week high of GBX 540 ($7.10).

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In other Mears Group PLC news, insider Peter Dicks bought 9,455 shares of the stock in a transaction on Thursday, August 17th. The stock was purchased at an average price of GBX 447 ($5.88) per share, with a total value of £42,263.85 ($55,588.39). Also, insider Robert (Bob) Holt sold 100,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of GBX 459 ($6.04), for a total value of £459,000 ($603,709.06).

About Mears Group PLC

Mears Group PLC is a United Kingdom-based holding company. The Company’s principal activities are the provision of a range of outsourced services to the public and private sectors. The Company operates through two segments, which include Housing and Care. The Housing segment is engaged in providing a full housing management service predominantly to Local Authorities and other Registered Social Landlords.

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