Mears Group (LON:MER) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Mears Group plc (LON:MER)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 393.54 and traded as high as GBX 438. Mears Group shares last traded at GBX 424, with a volume of 143,207 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 430 price target on shares of Mears Group in a report on Friday, August 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 565 price objective on shares of Mears Group in a research report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 483.50.

Mears Group Trading Up 2.7%

The company has a market cap of £336.47 million, a price-to-earnings ratio of 7.88, a PEG ratio of 0.68 and a beta of 0.47. The company has a debt-to-equity ratio of 144.62, a quick ratio of 0.92 and a current ratio of 0.86. The business’s 50 day moving average price is GBX 429.65 and its 200-day moving average price is GBX 394.03.

Mears Group (LON:MER) last released its quarterly earnings data on Thursday, August 6th. The company reported GBX 37.12 EPS for the quarter. Mears Group had a net margin of 4.66% and a return on equity of 25.52%. On average, research analysts forecast that Mears Group plc will post 32.5150732 EPS for the current year.

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.