Insider Buying: Mears Group plc (LON:MER) Insider Purchases £24,830 in Stock

Mears Group plc (LON:MER) insider Andrew C. M. Smith bought 6,500 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were acquired at an average cost of GBX 382 ($5.19) per share, for a total transaction of £24,830 ($33,718.09).

Mears Group Trading Down 2.0%

MER opened at GBX 368.50 ($5.00) on Thursday. The firm has a market cap of £322.84 million, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26. Mears Group plc has a 52 week low of GBX 322 ($4.37) and a 52 week high of GBX 421.37 ($5.72). The business’s 50 day moving average is GBX 390.21 and its two-hundred day moving average is GBX 384.60. The company has a quick ratio of 0.92, a current ratio of 0.87 and a debt-to-equity ratio of 139.90.

Mears Group (LON:MER) last released its quarterly earnings results on Thursday, August 7th. The company reported GBX 28.62 ($0.39) EPS for the quarter. Mears Group had a return on equity of 21.83% and a net margin of 3.67%. On average, research analysts predict that Mears Group plc will post 32.5150732 EPS for the current year.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised their target price on Mears Group from GBX 500 ($6.79) to GBX 510 ($6.93) and gave the stock a “buy” rating in a research report on Thursday, August 7th.

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.