Mears Group (MER) PT Lowered to GBX 450
Mears Group (LON:MER) had its target price decreased by analysts at Peel Hunt from GBX 500 ($6.53) to GBX 450 ($5.88) in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Peel Hunt’s price target indicates a potential upside of 66.67% from the company’s previous close.
Separately, Liberum Capital restated a “buy” rating on shares of Mears Group in a research report on Monday, February 18th.
Mears Group stock opened at GBX 270 ($3.53) on Tuesday. The stock has a market cap of $298.32 million and a PE ratio of 34.18. Mears Group has a 1 year low of GBX 265 ($3.46) and a 1 year high of GBX 400 ($5.23). The company has a debt-to-equity ratio of 64.58, a current ratio of 1.02 and a quick ratio of 0.80.
Mears Group PLC, through its subsidiaries, provides a range of outsourced services to the public and private sectors in the United Kingdom. It operates in two segments, Housing and Care. The company offers rapid response and planned maintenance services to local authorities and registered social landlords, including responsive repairs; gas and voids services; maintenance, repairs, capital works, and energy investment solution for public buildings; estate cleaning services; and grounds maintenance, hard landscaping, soft landscaping, and arboriculture.
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