Liberum Capital Lowers Mears Group (MER) Price Target to GBX 480

Mears Group (LON:MER) had its price objective cut by Liberum Capital from GBX 525 ($7.07) to GBX 480 ($6.46) in a research note issued to investors on Tuesday. They currently have a buy rating on the stock.

Separately, Peel Hunt reissued a buy rating and issued a GBX 550 ($7.40) target price on shares of Mears Group in a research report on Tuesday.

Mears Group (LON MER) opened at GBX 389 ($5.24) on Tuesday. Mears Group has a 52-week low of GBX 377.97 ($5.09) and a 52-week high of GBX 540 ($7.27).

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

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About Mears Group

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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