Peel Hunt Reaffirms Buy Rating for Mears Group PLC (LON:MER)
Mears Group PLC (LON:MER)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a research note issued to investors on Tuesday. They currently have a GBX 550 ($7.14) target price on the stock. Peel Hunt’s price target would indicate a potential upside of 13.40% from the company’s current price.
Separately, Liberum Capital restated a “buy” rating and set a GBX 540 ($7.01) target price on shares of Mears Group PLC in a report on Monday, June 26th.
Shares of Mears Group PLC (MER) opened at 485.00 on Tuesday. The company’s market capitalization is GBX 497.41 million. The company’s 50 day moving average is GBX 476.65 and its 200 day moving average is GBX 499.27. Mears Group PLC has a 12-month low of GBX 407.00 and a 12-month high of GBX 540.00.
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Mears Group PLC 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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