Mears Group (LON:MER) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Mears Group plc (LON:MER) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 370.07 and traded as high as GBX 407. Mears Group shares last traded at GBX 403.26, with a volume of 4,474,357 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 520 price target on shares of Mears Group in a research report on Friday, May 15th. Berenberg Bank restated a “buy” rating and set a GBX 565 price objective on shares of Mears Group in a research report on Thursday, March 26th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Mears Group currently has an average rating of “Buy” and a consensus target price of GBX 506.

Mears Group Stock Down 0.3%

The company’s fifty day moving average price is GBX 399.45 and its 200-day moving average price is GBX 370.07. The stock has a market cap of £325.08 million, a P/E ratio of 7.49, a price-to-earnings-growth ratio of 0.68 and a beta of 0.48. The company has a debt-to-equity ratio of 157.98, a quick ratio of 0.92 and a current ratio of 0.79.

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

Mears Group announced that its board has authorized a share buyback program on Wednesday, April 1st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other Mears Group news, insider Lucas Critchley bought 9,217 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of GBX 416 per share, with a total value of £38,342.72. Also, insider Andrew C. M. Smith sold 108,303 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of GBX 401, for a total value of £434,295.03. 1.76% of the stock is owned by company insiders.

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.