Mears Group (LON:MER) had its price target lowered by Jefferies Financial Group from GBX 380 ($4.97) to GBX 300 ($3.92) in a research note released on Thursday, ThisIsMoney.Co.Uk reports. The firm currently has a hold rating on the stock.
Other analysts have also recently issued research reports about the company. Liberum Capital reissued a buy rating on shares of Mears Group in a report on Tuesday, August 13th. Peel Hunt reissued a buy rating and set a GBX 450 ($5.88) price objective on shares of Mears Group in a report on Tuesday, August 13th. Finally, Peel Hunt reissued a buy rating and set a GBX 450 ($5.88) price objective on shares of Mears Group in a report on Tuesday, August 13th.
MER stock opened at GBX 268 ($3.50) on Thursday. The company has a debt-to-equity ratio of 45.23, a quick ratio of 0.86 and a current ratio of 1.15. The company has a market capitalization of $296.11 million and a price-to-earnings ratio of 11.70. Mears Group has a fifty-two week low of GBX 220 ($2.87) and a fifty-two week high of GBX 400 ($5.23). The stock has a fifty day moving average of GBX 264.86 and a 200-day moving average of GBX 261.23.
The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a yield of 1.35%. Mears Group’s dividend payout ratio (DPR) is 0.79%.
Mears Group Company Profile
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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