Mears Group (LON:MER) Given Buy Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Mears Group (LON:MER) in a research note released on Friday, MarketBeat.com reports. They currently have a GBX 520 price objective on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 565 target price on shares of Mears Group in a report on Thursday, March 26th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Mears Group currently has an average rating of “Buy” and an average target price of GBX 506.

Mears Group Stock Performance

Shares of Mears Group stock opened at GBX 396.57 on Friday. The company has a market cap of £324.87 million, a PE ratio of 7.36, a price-to-earnings-growth ratio of 0.68 and a beta of 0.37. The business has a 50 day moving average price of GBX 363.48 and a 200-day moving average price of GBX 359.61. Mears Group has a 52 week low of GBX 310 and a 52 week high of GBX 421.37. 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 quarterly earnings data on Thursday, March 26th. The company reported GBX 55.70 earnings per share (EPS) for the quarter. Mears Group had a net margin of 4.07% and a return on equity of 23.94%. Equities analysts anticipate that Mears Group will post 32.5150732 earnings per share for the current fiscal year.

Mears Group declared that its board has authorized a stock repurchase program on Wednesday, April 1st that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Mears Group

In other news, insider Andrew C. M. Smith sold 108,303 shares of Mears Group stock in a transaction dated Friday, May 8th. The shares were sold at an average price of GBX 401, for a total value of £434,295.03. Also, insider Lucas Critchley sold 60,984 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of GBX 401, for a total transaction of £244,545.84. Insiders own 1.55% of the company’s stock.

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.