Mears Group (LON:MER)‘s stock had its “buy” rating reaffirmed by analysts at Peel Hunt in a research note issued to investors on Friday. They currently have a GBX 550 ($7.35) target price on the stock. Peel Hunt’s price objective indicates a potential upside of 30.02% from the company’s current price.
Separately, Liberum Capital reduced their price objective on shares of Mears Group from GBX 525 ($7.02) to GBX 480 ($6.42) and set a “buy” rating on the stock in a research report on Tuesday, December 5th.
Mears Group (MER) traded up GBX 12 ($0.16) during trading on Friday, hitting GBX 423 ($5.66). 15,813 shares of the stock traded hands, compared to its average volume of 31,003. The company has a market capitalization of $421.16 and a PE ratio of 2,014.29. Mears Group has a 52-week low of GBX 365 ($4.88) and a 52-week high of GBX 540 ($7.22).
About Mears Group
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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