Mears Group (LON:MER) Earns Buy Rating from Berenberg Bank

Mears Group (LON:MER)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued on Thursday, MarketBeat.com reports. They presently have a GBX 565 price target on the stock. Berenberg Bank’s price objective points to a potential upside of 66.05% from the stock’s previous close.

Several other brokerages have also commented on MER. Peel Hunt reissued a “buy” rating and set a GBX 440 price objective on shares of Mears Group in a research report on Monday, December 8th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 499 target price on shares of Mears Group in a research report on Monday, December 8th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Mears Group currently has a consensus rating of “Buy” and a consensus price target of GBX 503.50.

Mears Group Stock Down 2.8%

Shares of LON:MER opened at GBX 340.25 on Thursday. The firm has a market capitalization of £280.39 million, a P/E ratio of 6.37, a P/E/G ratio of 0.68 and a beta of 0.31. The company has a debt-to-equity ratio of 157.98, a quick ratio of 0.92 and a current ratio of 0.79. The stock has a 50 day moving average price of GBX 351.67 and a 200-day moving average price of GBX 348.19. Mears Group has a 52-week low of GBX 310 and a 52-week high of GBX 421.37.

Mears Group (LON:MER) last released its quarterly earnings results on Thursday, March 26th. The company reported GBX 55.70 earnings per share for the quarter. Mears Group had a return on equity of 23.94% and a net margin of 4.07%. As a group, equities research analysts anticipate that Mears Group will post 32.5150732 EPS for the current fiscal year.

About Mears Group

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. It provides housing management services, which include supply of affordable homes to public and private sectors; emergency and temporary accommodation services; affordable housing/social housing management; housing with care services; private rented sector; stock acquisition; mears housing solutions; and housing services to central government departments.