Liberum Capital Reaffirms “Buy” Rating for Mears Group (MER)

Mears Group (LON:MER)‘s stock had its “buy” rating reissued by analysts at Liberum Capital in a note issued to investors on Friday, March 29th, ThisIsMoney.Co.Uk reports.

Separately, Peel Hunt reaffirmed a “buy” rating on shares of Mears Group in a report on Monday, February 18th.

Shares of Mears Group stock remained flat at $GBX 240 ($3.14) during trading hours on Friday. 37,767 shares of the stock traded hands, compared to its average volume of 179,226. Mears Group has a 52 week low of GBX 235 ($3.07) and a 52 week high of GBX 400 ($5.23). The firm has a market capitalization of $265.18 million and a price-to-earnings ratio of 10.48. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 45.23.

In related news, insider Andrew C. M. Smith bought 20,000 shares of the stock in a transaction on Friday, March 22nd. The shares were purchased at an average price of GBX 265 ($3.46) per share, with a total value of £53,000 ($69,253.89).

Mears Group Company Profile

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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