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.

TRADEMARK VIOLATION WARNING: This news story was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/22/peel-hunt-reiterates-buy-rating-for-mears-group-plc-mer.html.

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.

Receive News & Stock Ratings for Mears Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mears Group PLC and related stocks with our FREE daily email newsletter.