Mears Group PLC (MER) Receives “Buy” Rating from Liberum Capital
Mears Group PLC (LON:MER)‘s stock had its “buy” rating reaffirmed by stock analysts at Liberum Capital in a report released on Monday. They currently have a GBX 540 ($6.88) price objective on the stock. Liberum Capital’s price target would indicate a potential upside of 10.83% from the stock’s previous close.
A number of other equities analysts also recently weighed in on the company. Jefferies Group LLC restated a “hold” rating and issued a GBX 460 ($5.86) target price on shares of Mears Group PLC in a research note on Wednesday, March 22nd. Peel Hunt restated a “buy” rating and issued a GBX 550 ($7.01) target price on shares of Mears Group PLC in a research note on Tuesday, March 21st.
Shares of Mears Group PLC (LON:MER) opened at 483.25 on Monday. The firm has a 50-day moving average price of GBX 502.38 and a 200 day moving average price of GBX 493.30. The company’s market cap is GBX 495.62 million. Mears Group PLC has a 1-year low of GBX 346.75 and a 1-year high of GBX 540.00.
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About Mears Group PLC
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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