Mears Group (LON:MER) Earns Buy Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Mears Group (LON:MER) in a report released on Tuesday, LSE.Co.UK reports. They currently have a GBX 450 ($5.88) price target on the stock.

MER has been the subject of several other research reports. Liberum Capital reaffirmed a buy rating on shares of Mears Group in a research note on Tuesday. Peel Hunt reaffirmed a buy rating and set a GBX 450 ($5.88) price objective on shares of Mears Group in a research note on Tuesday.

Shares of LON:MER opened at GBX 272 ($3.55) on Tuesday. The company has a 50 day moving average of GBX 264.64 and a 200 day moving average of GBX 261.19. The stock has a market cap of $296.11 million and a P/E ratio of 11.88. Mears Group has a 12 month low of GBX 220 ($2.87) and a 12 month high of GBX 400 ($5.23). The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 45.23.

Mears Group (LON:MER) last issued its quarterly earnings data on Tuesday, August 13th. The company reported GBX 9.16 ($0.12) EPS for the quarter.

The business also recently declared a dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be paid a GBX 3.65 ($0.05) dividend. The ex-dividend date is Thursday, October 3rd. This represents a yield of 1.35%. Mears Group’s dividend payout ratio is presently 0.79%.

About Mears Group

Mears Group PLC, through its subsidiaries, provides a range of outsourced services to the public and private sectors in the United Kingdom. It operates in two segments, Housing and Care. The company offers rapid response and planned maintenance services to local authorities and registered social landlords, including responsive repairs; gas and voids services; maintenance, repairs, capital works, and energy investment solution for public buildings; estate cleaning services; and grounds maintenance, hard landscaping, soft landscaping, and arboriculture.

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