Mears Group Stock Rating Reaffirmed by Liberum Capital (MER)
Mears Group (LON:MER)‘s stock had its “buy” rating restated by analysts at Liberum Capital in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork reports. They currently have a GBX 528 ($8.68) price target on the stock. Liberum Capital’s target price indicates a potential upside of 10.52% from the stock’s previous close.
Mears Group (LON:MER) traded up 0.16% on Thursday, hitting GBX 477.75. The stock had a trading volume of 26,796 shares. Mears Group has a 52-week low of GBX 317.00 and a 52-week high of GBX 495.00. The stock has a 50-day moving average of GBX 473.3 and a 200-day moving average of GBX 435.9. The company’s market cap is £470.8 million.
Separately, analysts at Investec downgraded shares of Mears Group to an “add” rating in a research note to investors on Tuesday, January 14th. They now have a GBX 495 ($8.13) price target on the stock, up previously from GBX 440 ($7.23). One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Mears Group currently has an average rating of “Hold” and an average target price of GBX 433 ($7.12).
Mears Group PLC (LON:MER) is a holding company.
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