Mears Group Receives Buy Rating from Liberum Capital (MER)
Mears Group (LON:MER)‘s stock had its “buy” rating reaffirmed by Liberum Capital in a research note issued on Wednesday, Stock Ratings Network.com reports. They currently have a GBX 485 ($7.83) price target on the stock. Liberum Capital’s target price suggests a potential upside of 14.39% from the stock’s previous close.
Shares of Mears Group (LON:MER) traded down 0.88% during mid-day trading on Wednesday, hitting GBX 424.00. 151,092 shares of the company’s stock traded hands. Mears Group has a 52-week low of GBX 281.25 and a 52-week high of GBX 440.00. The stock’s 50-day moving average is GBX 410.8 and its 200-day moving average is GBX 377.0. The company’s market cap is £417.8 million.
A number of other firms have also recently commented on MER. Analysts at Jefferies Group raised their price target on shares of Mears Group (LON:MER) from GBX 370 ($5.97) to GBX 435 ($7.02) in a research note to investors on Wednesday, August 14th. They now have a “hold” rating on the stock. Separately, analysts at Investec raised their price target on shares of Mears Group (LON:MER) from GBX 400 ($6.45) to GBX 440 ($7.10) in a research note to investors on Tuesday, August 13th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Mears Group (LON:MER) from GBX 440 ($7.10) to GBX 490 ($7.91) in a research note to investors on Tuesday, August 13th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 416.67 ($6.72).
Mears Group PLC (LON:MER) is a holding company.
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