Mears Group (LON:MER) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Mears Group plc (LON:MER) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 364.06 and traded as high as GBX 402.50. Mears Group shares last traded at GBX 400.50, with a volume of 203,890 shares trading hands.

Wall Street Analyst Weigh In

MER has been the subject of a number of recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 565 price objective on shares of Mears Group in a research report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 520 price objective on shares of Mears Group in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Mears Group presently has an average rating of “Buy” and an average price target of GBX 506.

Mears Group Stock Performance

The firm has a market capitalization of £328.09 million, a price-to-earnings ratio of 7.44, a PEG ratio of 0.68 and a beta of 0.46. The company has a fifty day moving average of GBX 377.56 and a two-hundred day moving average of GBX 364.06. 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 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 predict that Mears Group plc will post 32.5150732 earnings per share for the current fiscal year.

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

Insider Activity at Mears Group

In related news, insider Lucas Critchley acquired 9,217 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average cost of GBX 416 per share, with a total value of £38,342.72. Also, insider Andrew C. M. Smith sold 108,303 shares of Mears Group stock in a transaction on Friday, May 8th. The shares were sold at an average price of GBX 401, for a total value of £434,295.03. Company insiders own 1.55% of the company’s stock.

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. 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.