Mears Group (LON:MER) Shares Cross Above 200-Day Moving Average – Time to Sell?

Mears Group plc (LON:MER)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 361.46 and traded as high as GBX 373.49. Mears Group shares last traded at GBX 365, with a volume of 93,808 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Berenberg Bank started coverage on shares of Mears Group in a research note on Tuesday, October 28th. They issued a “buy” rating and a GBX 550 price objective on the stock. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 499 price target on shares of Mears Group in a report on Monday, December 8th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 440 price target on shares of Mears Group in a research report on Monday, December 8th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 499.75.

Mears Group Stock Down 1.4%

The stock has a market cap of £300.79 million, a price-to-earnings ratio of 6.83, a P/E/G ratio of 0.68 and a beta of 1.26. The company has a current ratio of 0.87, a quick ratio of 0.92 and a debt-to-equity ratio of 139.90. The firm’s 50 day moving average is GBX 351.89 and its two-hundred day moving average is GBX 361.46.

Mears Group Company Profile

Mears Group plc, together with its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. The company offers rapid-response and planned maintenance services to local authorities; gas and repair services; and maintenance and repairs, capital works, energy investment, and regeneration solutions for public buildings, as well as grounds maintenance services.