Peel Hunt Reiterates Buy Rating for Mears Group PLC (MER)
Mears Group PLC (LON:MER)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a research report issued on Wednesday. They presently have a GBX 550 ($7.42) price objective on the stock. Peel Hunt’s target price points to a potential upside of 22.22% from the stock’s current price.
Separately, Liberum Capital reiterated a “buy” rating and issued a GBX 540 ($7.28) price objective on shares of Mears Group PLC in a report on Tuesday, August 15th.
Shares of Mears Group PLC (MER) opened at 450.00 on Wednesday. The firm’s 50-day moving average price is GBX 452.01 and its 200 day moving average price is GBX 485.15. The company’s market capitalization is GBX 463.46 million. Mears Group PLC has a 52 week low of GBX 420.25 and a 52 week high of GBX 540.00.
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In other Mears Group PLC news, insider Peter Dicks acquired 9,455 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was bought at an average price of GBX 447 ($6.03) per share, for a total transaction of £42,263.85 ($56,982.41).
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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