Andrew Smith Sells 108,303 Shares of Mears Group (LON:MER) Stock

Mears Group plc (LON:MER) insider Andrew Smith sold 108,303 shares of Mears Group stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of GBX 401, for a total value of £434,295.03.

Mears Group Trading Up 0.9%

LON:MER opened at GBX 406.31 on Monday. The firm has a market cap of £332.86 million, a P/E ratio of 7.54, a PEG ratio of 0.68 and a beta of 0.37. The company has a current ratio of 0.79, a quick ratio of 0.92 and a debt-to-equity ratio of 157.98. The stock’s 50 day simple moving average is GBX 357.73 and its 200-day simple moving average is GBX 357.28. Mears Group plc has a 12-month low of GBX 310 and a 12-month high of GBX 421.37.

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

Mears Group declared that its board has initiated a share buyback plan on Wednesday, April 1st that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 565 target price on shares of Mears Group in a report on Thursday, March 26th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, 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.