Mears Group’s (MER) “Buy” Rating Reiterated at Peel Hunt
Mears Group (LON:MER)‘s stock had its “buy” rating restated by equities researchers at Peel Hunt in a report released on Tuesday. They currently have a GBX 550 ($7.40) price target on the stock. Peel Hunt’s price target would indicate a potential upside of 41.39% from the company’s current price.
Separately, Liberum Capital lifted their target price on shares of Mears Group from GBX 500 ($6.73) to GBX 525 ($7.07) and gave the stock a “buy” rating in a research report on Friday, November 10th.
Shares of Mears Group (LON MER) traded down GBX 1 ($0.01) on Tuesday, reaching GBX 389 ($5.24). 123,956 shares of the company’s stock were exchanged, compared to its average volume of 47,640. Mears Group has a one year low of GBX 376.75 ($5.07) and a one year high of GBX 540 ($7.27).
Mears Group Company Profile
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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