Mears Group (MER) Earns “Buy” Rating from Peel Hunt

Mears Group (LON:MER)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a note issued to investors on Tuesday. They currently have a GBX 550 ($7.40) price objective on the stock. Peel Hunt’s target price would indicate a potential upside of 40.22% from the stock’s current price.

Separately, Liberum Capital reaffirmed a “buy” rating and issued a GBX 540 ($7.27) target price on shares of Mears Group in a research note on Tuesday, August 15th.

Mears Group (LON MER) opened at GBX 392.25 ($5.28) on Tuesday. Mears Group has a 12 month low of GBX 402.50 ($5.42) and a 12 month high of GBX 540 ($7.27).

In other news, insider Robert (Bob) Holt sold 100,000 shares of Mears Group stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of GBX 459 ($6.18), for a total transaction of £459,000 ($617,765.81).

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Mears Group Company Profile

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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