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

Several research firms have recently weighed in on MER. Berenberg Bank reissued 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 reissued 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 currently has a consensus rating of “Buy” and an average target price of GBX 506.

Mears Group Stock Down 0.5%

The business has a 50 day moving average of GBX 380.19 and a 200 day moving average of GBX 364.65. The company has a debt-to-equity ratio of 157.98, a current ratio of 0.79 and a quick ratio of 0.92. The firm has a market capitalization of £321.54 million, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 0.68 and a beta of 0.46.

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

Mears Group declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 1st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Mears Group news, insider Andrew C. M. Smith sold 108,303 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of GBX 401, for a total transaction of £434,295.03. Also, insider Lucas Critchley sold 60,984 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of GBX 401, for a total value of £244,545.84. Corporate insiders own 1.55% of the company’s stock.

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.