Mears Group (LON:MER) Receives “Buy” Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Mears Group (LON:MER) in a report published on Friday morning,Digital Look reports. The brokerage currently has a GBX 430 price objective on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 565 price target on shares of Mears Group in a research report on Thursday. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Mears Group has an average rating of “Buy” and a consensus target price of GBX 483.50.

Mears Group Stock Up 5.8%

Shares of Mears Group stock opened at GBX 455 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.79 and a debt-to-equity ratio of 157.98. The company has a market cap of £360.65 million, a P/E ratio of 8.45, a PEG ratio of 0.68 and a beta of 0.48. The firm’s 50 day moving average price is GBX 418.98 and its 200-day moving average price is GBX 384.55. Mears Group has a 52-week low of GBX 310 and a 52-week high of GBX 456.50.

Mears Group (LON:MER) last posted its earnings results on Thursday, August 6th. The company reported GBX 37.12 EPS for the quarter. Mears Group had a net margin of 4.07% and a return on equity of 23.94%. On average, sell-side analysts predict that Mears Group will post 32.5150732 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Lucas Critchley purchased 9,217 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were acquired at an average price of GBX 416 per share, for a total transaction of £38,342.72. Corporate insiders own 1.80% 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.