Mears Group plc’s (MER) “Buy” Rating Reiterated at Peel Hunt
Mears Group plc (LON:MER)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a research note issued to investors on Wednesday. They presently have a GBX 550 ($7.23) target price on the stock. Peel Hunt’s price target would suggest a potential upside of 30.95% from the company’s previous close.
Separately, Liberum Capital reaffirmed a “buy” rating and issued a GBX 540 ($7.10) price objective on shares of Mears Group plc in a research report on Tuesday, August 15th.
Mears Group plc (LON MER) traded down GBX 14 ($0.18) during mid-day trading on Wednesday, reaching GBX 420 ($5.52). The company had a trading volume of 83,044 shares, compared to its average volume of 64,832. Mears Group plc has a fifty-two week low of GBX 420.25 ($5.53) and a fifty-two week high of GBX 540 ($7.10).
In related news, insider Robert (Bob) Holt sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of GBX 459 ($6.04), for a total value of £459,000 ($603,709.06).
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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