Mears Group (LON:MER) Posts Quarterly Earnings Results

Mears Group (LON:MER) posted its earnings results on Thursday. The company reported GBX 55.70 EPS for the quarter, Digital Look Earnings reports. Mears Group had a return on equity of 23.94% and a net margin of 4.07%.

Mears Group Stock Down 2.8%

Shares of MER opened at GBX 340.25 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.92 and a debt-to-equity ratio of 157.98. Mears Group has a 12 month low of GBX 310 and a 12 month high of GBX 421.37. The firm’s 50 day moving average is GBX 351.67 and its 200-day moving average is GBX 348.19. The stock has a market capitalization of £280.39 million, a PE ratio of 6.37, a P/E/G ratio of 0.68 and a beta of 0.31.

Analyst Ratings Changes

Several research firms recently issued reports on MER. Panmure Gordon restated a “buy” rating and issued a GBX 499 price target on shares of Mears Group in a research note on Monday, December 8th. Peel Hunt reiterated a “buy” rating and set a GBX 440 price objective on shares of Mears Group in a research report on Monday, December 8th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 565 target price on shares of Mears Group in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 503.50.

About Mears Group

Mears Group plc, together with its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. The company 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. It provides housing management services, which include supply of affordable homes to public and private sectors; emergency and temporary accommodation services; affordable housing/social housing management; housing with care services; private rented sector; stock acquisition; mears housing solutions; and housing services to central government departments.