Mears Group (LON:MER) Given “Buy” Rating at Peel Hunt

Peel Hunt reissued their buy rating on shares of Mears Group (LON:MER) in a research report sent to investors on Tuesday, LSE.Co.UK reports. They currently have a GBX 450 ($5.88) target price on the stock.

A number of other research analysts have also recently weighed in on MER. Peel Hunt reaffirmed a buy rating and set a GBX 450 ($5.88) price target on shares of Mears Group in a research report on Tuesday. Liberum Capital reaffirmed a buy rating on shares of Mears Group in a research report on Tuesday.

Mears Group stock opened at GBX 268 ($3.50) on Tuesday. Mears Group has a 1 year low of GBX 220 ($2.87) and a 1 year high of GBX 400 ($5.23). The firm has a 50 day moving average price of GBX 264.86 and a 200 day moving average price of GBX 261.23. The company has a market cap of $296.11 million and a price-to-earnings ratio of 11.70. The company has a debt-to-equity ratio of 45.23, a quick ratio of 0.86 and a current ratio of 1.15.

Mears Group (LON:MER) last announced its quarterly earnings results on Tuesday, August 13th. The company reported GBX 9.16 ($0.12) earnings per share for the quarter.

The firm also recently declared a dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be given a dividend of GBX 3.65 ($0.05) per share. The ex-dividend date is Thursday, October 3rd. This represents a yield of 1.35%. Mears Group’s dividend payout ratio (DPR) is 0.79%.

About Mears Group

Mears Group PLC, through its subsidiaries, provides a range of outsourced services to the public and private sectors in the United Kingdom. It operates in two segments, Housing and Care. The company offers rapid response and planned maintenance services to local authorities and registered social landlords, including responsive repairs; gas and voids services; maintenance, repairs, capital works, and energy investment solution for public buildings; estate cleaning services; and grounds maintenance, hard landscaping, soft landscaping, and arboriculture.

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