Mears Group (LON:MER) Insider Purchases £38,342.72 in Stock

Mears Group plc (LON:MER) insider Lucas Critchley purchased 9,217 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of GBX 416 per share, with a total value of £38,342.72.

Lucas Critchley also recently made the following trade(s):

• On Friday, May 8th, Lucas Critchley sold 60,984 shares of Mears Group stock. The stock was sold at an average price of GBX 401, for a total value of £244,545.84.

Mears Group Trading Up 0.6%

LON:MER opened at GBX 419.59 on Tuesday. Mears Group plc has a 1 year low of GBX 310 and a 1 year high of GBX 422. The stock has a market cap of £343.73 million, a price-to-earnings ratio of 7.79, a PEG ratio of 0.68 and a beta of 0.46. The business has a fifty day moving average of GBX 370.48 and a 200-day moving average of GBX 362.14. 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 (EPS) for the quarter. Mears Group had a return on equity of 23.94% and a net margin of 4.07%. Equities analysts predict that Mears Group plc will post 32.5150732 earnings per share for the current year.

Mears Group declared that its board has initiated a stock buyback program on Wednesday, April 1st that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

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

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.