Jefferies Group Reaffirms “Hold” Rating for Mears Group PLC (MER)
Mears Group PLC (LON:MER)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Group in a report issued on Wednesday. They currently have a GBX 480 ($8.02) price objective on the stock. Jefferies Group’s price objective points to a potential downside of 2.69% from the company’s current price.
Shares of Mears Group PLC (LON:MER) opened at 481.29 on Wednesday. Mears Group PLC has a one year low of GBX 398.50 and a one year high of GBX 540.00. The stock has a 50-day moving average of GBX 474.4 and a 200-day moving average of GBX 489.9. The company’s market cap is £484.5 million.
The company also recently declared a dividend, which is scheduled for Monday, November 3rd. Investors of record on Thursday, October 16th will be given a dividend of GBX 2.85 ($0.05) per share. This represents a yield of 0.59%. The ex-dividend date is Thursday, October 16th.
A number of other firms have also recently commented on MER. Analysts at Investec reiterated an “add” rating on shares of Mears Group PLC in a research note on Tuesday. They now have a GBX 520 ($8.69) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Mears Group PLC in a research note on Friday, August 15th. They now have a GBX 528 ($8.83) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Mears Group PLC in a research note on Monday, July 21st. They now have a GBX 528 ($8.83) price target on the stock.
Mears Group PLC (LON:MER) is a holding company.
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