Berenberg Bank Reaffirms Buy Rating for Mears Group (LON:MER)

Mears Group (LON:MER)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 565 price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 62.08% from the company’s previous close.

A number of other brokerages also recently commented on MER. 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. Panmure Gordon reaffirmed 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 data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 503.50.

Mears Group Stock Up 3.9%

MER stock opened at GBX 348.59 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.92 and a debt-to-equity ratio of 162.62. The firm has a 50-day moving average of GBX 351.87 and a two-hundred day moving average of GBX 348.09. Mears Group has a 12 month low of GBX 310 and a 12 month high of GBX 421.37. The company has a market cap of £287.27 million, a price-to-earnings ratio of 6.53, a PEG ratio of 0.68 and a beta of 0.31.

Mears Group (LON:MER) last issued 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 25.81% and a net margin of 4.28%. As a group, analysts forecast that Mears Group 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.