Mears Group (LON:MER) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Mears Group plc (LON:MER)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 396.37 and traded as high as GBX 419.50. Mears Group shares last traded at GBX 409, with a volume of 128,694 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MER shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 565 price objective on shares of Mears Group in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 430 price target on shares of Mears Group in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 483.50.

Mears Group Stock Up 0.4%

The business has a 50-day simple moving average of GBX 430.18 and a two-hundred day simple moving average of GBX 396.63. The stock has a market capitalization of £313.11 million, a P/E ratio of 6.38, a PEG ratio of 0.68 and a beta of 0.47. The company has a quick ratio of 0.92, a current ratio of 0.86 and a debt-to-equity ratio of 144.62.

Mears Group (LON:MER) last released its quarterly earnings data on Thursday, August 6th. The company reported GBX 37.12 earnings per share (EPS) for the quarter. Mears Group had a return on equity of 25.52% and a net margin of 4.66%. Equities research analysts forecast that Mears Group plc will post 32.5150732 earnings per share for the current fiscal 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.