Peel Hunt Reiterates Buy Rating for Mears Group PLC (MER)
Mears Group PLC (LON:MER)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a note issued to investors on Monday. They currently have a GBX 550 ($7.18) price target on the stock. Peel Hunt’s price target would suggest a potential upside of 23.53% from the stock’s previous close.
Several other analysts have also recently weighed in on the company. Jefferies Group boosted their price target on Mears Group PLC from GBX 430 ($5.61) to GBX 460 ($6.00) and gave the stock a “hold” rating in a report on Wednesday, August 17th. Canaccord Genuity restated a “hold” rating and set a GBX 400 ($5.22) price target on shares of Mears Group PLC in a report on Tuesday, August 16th. Finally, Liberum Capital boosted their price target on Mears Group PLC from GBX 450 ($5.87) to GBX 470 ($6.13) and gave the stock a “buy” rating in a report on Tuesday, August 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Mears Group PLC presently has an average rating of “Hold” and a consensus target price of GBX 464 ($6.06).
Mears Group PLC (LON:MER) opened at 448.50 on Monday. The stock’s 50 day moving average is GBX 435.93 and its 200 day moving average is GBX 406.62. The company’s market capitalization is GBX 459.83 million. Mears Group PLC has a 52 week low of GBX 346.75 and a 52 week high of GBX 484.50.
The business also recently disclosed a dividend, which will be paid on Tuesday, November 1st. Investors of record on Thursday, October 13th will be paid a GBX 3.30 ($0.04) dividend. This represents a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, October 13th.
Mears Group PLC Company Profile
Mears Group PLC is a United Kingdom-based holding company. The Company’s principal activities are the provision of a range of outsourced services to the public and private sectors. The Company operates through two segments, which include Housing and Care. The Housing segment is engaged in providing a full housing management service predominantly to Local Authorities and other Registered Social Landlords.
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