Mears Group (LON:MER)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a note issued to investors on Tuesday, December 5th. They currently have a GBX 550 ($7.35) price objective on the stock. Peel Hunt’s price objective indicates a potential upside of 34.15% from the stock’s current price.
Separately, Liberum Capital raised their price objective on Mears Group from GBX 500 ($6.69) to GBX 525 ($7.02) and gave the company a “buy” rating in a research report on Friday, November 10th.
Shares of Mears Group (LON:MER) traded up GBX 3.75 ($0.05) during trading on Tuesday, hitting GBX 410 ($5.48). The stock had a trading volume of 7,616 shares, compared to its average volume of 31,463. The stock has a market capitalization of $420.08 and a price-to-earnings ratio of 1,952.38. Mears Group has a 52-week low of GBX 365 ($4.88) and a 52-week high of GBX 540 ($7.22).
In related news, insider Robert (Bob) Holt sold 100,000 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of GBX 459 ($6.14), for a total value of £459,000 ($613,718.41).
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Mears Group Company Profile
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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