Peel Hunt Reaffirms Buy Rating for Mears Group (MER)

Peel Hunt restated their buy rating on shares of Mears Group (LON:MER) in a research report report published on Friday morning. Peel Hunt currently has a GBX 550 ($7.35) target price on the stock.

Separately, Liberum Capital reaffirmed a buy rating and issued a GBX 500 ($6.69) target price on shares of Mears Group in a research report on Wednesday, October 18th.

Mears Group (MER) opened at GBX 421 ($5.63) on Friday. The company has a market cap of $435.33 and a P/E ratio of 2,004.76. Mears Group has a 1 year low of GBX 365 ($4.88) and a 1 year high of GBX 540 ($7.22).

In other news, insider Robert (Bob) Holt sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of GBX 459 ($6.14), for a total value of £459,000 ($613,718.41).

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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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