Liberum Capital Reiterates Buy Rating for Mears Group PLC (MER)

Mears Group PLC (LON:MER)‘s stock had its “buy” rating reissued by equities research analysts at Liberum Capital in a report released on Tuesday. They presently have a GBX 525 ($6.48) price objective on the stock. Liberum Capital’s price objective indicates a potential upside of 3.55% from the stock’s current price.

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 550 ($6.79) price objective on shares of Mears Group PLC in a report on Tuesday, January 17th.

Mears Group PLC (LON:MER) opened at 507.00 on Tuesday. Mears Group PLC has a 12-month low of GBX 346.75 and a 12-month high of GBX 540.00. The company’s 50 day moving average price is GBX 512.75 and its 200-day moving average price is GBX 471.76. The stock’s market cap is GBX 519.81 million.

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About Mears Group PLC

Mears Group PLC is a United Kingdom-based holding company. The Company’s principal activities are the provision of a range of outsourced services to the public and private sectors. The Company operates through two segments, which include Housing and Care. The Housing segment is engaged in providing a full housing management service predominantly to Local Authorities and other Registered Social Landlords.

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