Mears Group’s (MER) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Mears Group (LON:MER) in a research note published on Thursday morning, MarketBeat reports. Berenberg Bank currently has a GBX 565 target price on the stock.

Several other brokerages have also recently weighed in on MER. Peel Hunt restated a “buy” rating and set a GBX 440 price objective on shares of Mears Group in a research note on Monday, December 8th. Panmure Gordon reiterated a “buy” rating and issued a GBX 499 target price on shares of Mears Group in a research note on Monday, December 8th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 503.50.

Mears Group Trading Down 2.8%

Shares of LON:MER opened at GBX 340.25 on Thursday. The stock has a market cap of £280.39 million, a PE ratio of 6.37, a P/E/G ratio of 0.68 and a beta of 0.31. Mears Group has a 12-month low of GBX 310 and a 12-month high of GBX 421.37. The business has a 50 day moving average of GBX 351.67 and a 200-day moving average of GBX 348.34. The company has a quick ratio of 0.92, a current ratio of 0.79 and a debt-to-equity ratio of 157.98.

Mears Group (LON:MER) last posted its earnings results on Thursday, March 26th. The company reported GBX 55.70 earnings per share for the quarter. Mears Group had a return on equity of 23.94% and a net margin of 4.07%. As a group, equities research analysts forecast that Mears Group will post 32.5150732 earnings per share for the current year.

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.