Key Points
- Insider activity: Lucas Critchley bought 9,217 Mears Group shares on May 22 at GBX 416 each, totaling about £38,343. He also sold 60,984 shares on May 8 at GBX 401 apiece.
- Stock performance and valuation: Mears Group shares were trading around GBX 414, near their 52-week high of GBX 422. The company has a market cap of about £339.15 million and a P/E ratio of 7.69.
- Analyst outlook: Analysts remain bullish, with Deutsche Bank and Berenberg both reiterating buy ratings and setting price targets of GBX 520 and GBX 565, respectively. The stock’s average analyst target is GBX 506.
Mears Group plc (LON:MER - Get Free Report) insider Lucas Critchley acquired 9,217 shares of Mears Group stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of GBX 416 per share, for a total transaction 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 Down 0.7%
Shares of LON MER opened at GBX 414 on Wednesday. The business's 50 day moving average is GBX 371.87 and its two-hundred day moving average is GBX 362.54. The company has a debt-to-equity ratio of 157.98, a current ratio of 0.79 and a quick ratio of 0.92. Mears Group plc has a 1-year low of GBX 310 and a 1-year high of GBX 422. The stock has a market capitalization of £339.15 million, a P/E ratio of 7.69, a PEG ratio of 0.68 and a beta of 0.46.
Mears Group (LON:MER - Get Free Report) last released its earnings results on Thursday, March 26th. The company reported GBX 55.70 EPS for the quarter. Mears Group had a return on equity of 23.94% and a net margin of 4.07%. As a group, research analysts expect that Mears Group plc will post 32.5150732 EPS for the current year.
Mears Group declared that its board has approved a share repurchase plan on Wednesday, April 1st that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 520 target price on shares of Mears Group in a research note on Friday, May 15th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 565 target price on shares of Mears Group in a research note on Thursday, March 26th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of GBX 506.
Get Our Latest Stock Analysis on MER
Mears Group Company Profile
(
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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