Key Points
- Insider sale: Mears Group insider Lucas Critchley sold 60,984 shares on May 8 at an average price of GBX 401, totaling about £244,545.84.
- Stock performance and valuation: The shares were up 1.0% to GBX 406.50, near the 12-month high of GBX 421.37, and the company is valued at about £333.01 million with a P/E ratio of 7.55.
- Analyst outlook: Berenberg reiterated a buy rating with a GBX 565 price target, and MarketBeat says the stock has a consensus buy rating with an average target of GBX 503.50.
Mears Group plc (LON:MER - Get Free Report) insider Lucas Critchley sold 60,984 shares of the firm's stock in a transaction dated Friday, May 8th. The stock was sold at an average price of GBX 401, for a total value of £244,545.84.
Mears Group Stock Up 1.0%
MER opened at GBX 406.50 on Tuesday. Mears Group plc has a 12 month low of GBX 310 and a 12 month high of GBX 421.37. The business has a 50-day moving average of GBX 359.70 and a two-hundred day moving average of GBX 358.23. 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 stock has a market capitalization of £333.01 million, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 0.68 and a beta of 0.37.
Mears Group (LON:MER - Get Free Report) last announced its quarterly earnings data on Thursday, March 26th. The company reported GBX 55.70 earnings per share for the quarter. Mears Group had a net margin of 4.07% and a return on equity of 23.94%. On average, research analysts expect that Mears Group plc will post 32.5150732 earnings per share for the current year.
Mears Group declared that its Board of Directors has approved a stock repurchase program on Wednesday, April 1st that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 565 price target on shares of Mears Group in a report on Thursday, March 26th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Mears Group presently has an average rating of "Buy" and a consensus price target of GBX 503.50.
View Our Latest Report on Mears Group
About Mears Group
(
Get Free Report)
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.
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