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).

In other Mears Group news, insider Robert (Bob) Holt sold 100,000 shares of Mears Group stock in a transaction dated Monday, November 6th. The shares were sold at an average price of GBX 459 ($6.18), for a total transaction of £459,000 ($617,765.81).

TRADEMARK VIOLATION NOTICE: “Mears Group’s (MER) “Buy” Rating Reiterated at Peel Hunt” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at

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.

Receive News & Ratings for Mears Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mears Group plc and related companies with's FREE daily email newsletter.