Mears Group (LON:MER) had its price target reduced by Liberum Capital from GBX 525 ($7.07) to GBX 480 ($6.46) in a research report released on Tuesday. They currently have a buy rating on the stock.

Separately, Peel Hunt reissued a buy rating and issued a GBX 550 ($7.40) target price on shares of Mears Group in a research note on Tuesday.

Shares of Mears Group (MER) opened at GBX 387.25 ($5.21) on Tuesday. Mears Group has a twelve month low of GBX 377.97 ($5.09) and a twelve month high of GBX 540 ($7.27).

In other Mears Group news, insider Robert (Bob) Holt sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of GBX 459 ($6.18), for a total value of £459,000 ($617,765.81).

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Mears Group Company Profile

Mears Group PLC is a United Kingdom-based holding company. The Company’s principal activities are the provision of a range of outsourced services to the public and private sectors. The Company operates through two segments, which include Housing and Care. The Housing segment is engaged in providing a full housing management service predominantly to Local Authorities and other Registered Social Landlords.

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