Mears Group PLC (MER) Given New GBX 525 Price Target at Liberum Capital
Mears Group PLC (LON:MER) had its target price raised by Liberum Capital from GBX 500 ($6.58) to GBX 525 ($6.91) in a research report released on Friday morning. They currently have a buy rating on the stock.
Separately, Peel Hunt reissued a buy rating and set a GBX 550 ($7.23) price objective on shares of Mears Group PLC in a report on Tuesday, August 15th.
Shares of Mears Group PLC (LON MER) traded up GBX 8.50 ($0.11) on Friday, hitting GBX 460 ($6.05). 23,397 shares of the stock were exchanged, compared to its average volume of 44,255. Mears Group PLC has a 12-month low of GBX 420.25 ($5.53) and a 12-month high of GBX 540 ($7.10).
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The firm also recently declared a dividend, which was paid on Tuesday, November 7th. Shareholders of record on Thursday, October 19th were issued a GBX 3.45 ($0.05) dividend. This represents a yield of 0.77%. The ex-dividend date of this dividend was Thursday, October 19th.
In other Mears Group PLC news, insider Peter Dicks purchased 9,455 shares of the stock in a transaction on Thursday, August 17th. The shares were bought at an average cost 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 company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of GBX 459 ($6.04), for a total transaction of £459,000 ($603,709.06).
Mears Group PLC 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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