Mears Group PLC Rating Reiterated by Investec (MER)
Mears Group PLC (LON:MER)‘s stock had its “add” rating reaffirmed by research analysts at Investec in a report released on Monday. They currently have a GBX 520 ($8.75) price target on the stock. Investec’s target price points to a potential upside of 7.88% from the stock’s previous close.
Mears Group PLC (LON:MER) opened at 474.50 on Monday. Mears Group PLC has a 52-week low of GBX 350.00 and a 52-week high of GBX 540.00. The stock’s 50-day moving average is GBX 514.2 and its 200-day moving average is GBX 481.5. The company’s market cap is £460.7 million.
A number of other firms have also recently commented on MER. Analysts at Liberum Capital reiterated a “buy” rating on shares of Mears Group PLC in a research note on Thursday, March 20th. They now have a GBX 560 ($9.42) price target on the stock. Analysts at Jefferies Group raised their price target on shares of Mears Group PLC from GBX 435 ($7.32) to GBX 485 ($8.16) in a research note on Friday, March 14th. They now have a “hold” rating on the stock.
Mears Group PLC (LON:MER) is a holding company.
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