Mears Group (LON:MER) Releases Earnings Results

Mears Group (LON:MER) posted its quarterly earnings data on Thursday. The company reported GBX 37.12 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Mears Group had a return on equity of 23.94% and a net margin of 4.07%.

Mears Group Price Performance

Shares of Mears Group stock opened at GBX 455 on Friday. The company’s fifty day simple moving average is GBX 418.98 and its two-hundred day simple moving average is GBX 384.55. Mears Group has a 12-month low of GBX 310 and a 12-month high of GBX 456.50. The firm has a market cap of £360.65 million, a PE ratio of 8.45, a price-to-earnings-growth ratio of 0.68 and a beta of 0.48. The company has a quick ratio of 0.92, a current ratio of 0.79 and a debt-to-equity ratio of 157.98.

Insider Activity at Mears Group

In other news, insider Lucas Critchley acquired 9,217 shares of the stock in a transaction dated Friday, May 22nd. The stock was purchased at an average cost of GBX 416 per share, with a total value of £38,342.72. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on MER shares. Berenberg Bank restated a “buy” rating and issued a GBX 565 target price on shares of Mears Group in a research report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 430 price target on shares of Mears Group in a research report on Friday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 483.50.

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.