Mears Group’s (MER) “Buy” Rating Reaffirmed at Peel Hunt

Peel Hunt restated their buy rating on shares of Mears Group (LON:MER) in a research note released on Tuesday morning, Digital Look reports. The firm currently has a GBX 450 ($5.88) price objective on the stock.

Separately, Liberum Capital restated a buy rating and set a GBX 450 ($5.88) target price on shares of Mears Group in a report on Tuesday, June 25th.

LON MER opened at GBX 272 ($3.55) on Tuesday. The stock has a market cap of $296.11 million and a PE ratio of 11.88. 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 has a twelve month low of GBX 220 ($2.87) and a twelve month high of GBX 400 ($5.23). The stock has a fifty day simple moving average of GBX 264.64 and a 200-day simple moving average of GBX 261.19.

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

The company also recently announced a dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be issued a dividend of GBX 3.65 ($0.05) per share. This represents a yield of 1.35%. The ex-dividend date is Thursday, October 3rd. Mears Group’s dividend payout ratio (DPR) is 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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