Mears Group’s (MER) Buy Rating Reiterated at Peel Hunt

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Mears Group (LON:MER)‘s stock had its “buy” rating restated by analysts at Peel Hunt in a research report issued to clients and investors on Wednesday, December 19th. They presently have a GBX 500 ($6.53) price target on the stock. Peel Hunt’s price objective suggests a potential upside of 38.50% from the company’s current price.

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 Monday, November 19th.

LON:MER traded up GBX 9 ($0.12) during trading hours on Wednesday, hitting GBX 361 ($4.72). The company had a trading volume of 1,826 shares, compared to its average volume of 179,226. Mears Group has a 52 week low of GBX 357.50 ($4.67) and a 52 week high of GBX 533.50 ($6.97).

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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