Mears Group (LON:MER) PT Raised to GBX 420

Mears Group (LON:MER) had its price target boosted by investment analysts at Numis Securities from GBX 375 ($4.75) to GBX 420 ($5.32) in a research report issued on Thursday, Digital Look reports. The brokerage currently has an “add” rating on the stock. Numis Securities’ target price points to a potential upside of 13.44% from the stock’s current price.

Mears Group Price Performance

Shares of LON MER opened at GBX 370.25 ($4.69) on Thursday. Mears Group has a fifty-two week low of GBX 195.40 ($2.47) and a fifty-two week high of GBX 375 ($4.75). The stock has a fifty day moving average of GBX 353.82 and a 200-day moving average of GBX 312.20. The company has a debt-to-equity ratio of 104.41, a quick ratio of 0.92 and a current ratio of 1.04. The stock has a market cap of £362.55 million, a PE ratio of 1,423.08, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17.

About Mears Group

Mears Group plc, through its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. It offers rapid-response and planned maintenance services to local authorities; gas and repair services; and maintenance and repairs, capital works, energy investment, and regeneration solutions for public buildings, as well as grounds maintenance services.