Mears Group (LON:MER) Posts Quarterly Earnings Results

Mears Group (LON:MER) announced its earnings results on Thursday. The company reported GBX 55.70 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Mears Group had a net margin of 4.28% and a return on equity of 25.81%.

Mears Group Price Performance

Shares of Mears Group stock traded up GBX 14 during trading on Thursday, reaching GBX 349.50. 182,822 shares of the company’s stock were exchanged, compared to its average volume of 250,569. The firm’s 50-day moving average price is GBX 351.87 and its 200 day moving average price is GBX 348.09. The company has a market cap of £288.02 million, a P/E ratio of 6.54, a PEG ratio of 0.68 and a beta of 0.31. The company has a debt-to-equity ratio of 162.62, a quick ratio of 0.92 and a current ratio of 0.77. Mears Group has a 1-year low of GBX 310 and a 1-year high of GBX 421.37.

Wall Street Analyst Weigh In

MER has been the topic of a number of recent research reports. Panmure Gordon restated a “buy” rating and set a GBX 499 price objective on shares of Mears Group in a research note on Monday, December 8th. Peel Hunt reissued a “buy” rating and set a GBX 440 target price on shares of Mears Group in a report on Monday, December 8th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 565 price target on shares of Mears Group in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 503.50.

Mears Group Company Profile

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.