Mears Group PLC (MER) Receives Buy Rating from Peel Hunt

Peel Hunt reissued their buy rating on shares of Mears Group PLC (LON:MER) in a research note published on Wednesday. Peel Hunt currently has a GBX 550 ($7.42) target price on the stock.

Separately, Liberum Capital reaffirmed a buy rating and issued a GBX 540 ($7.28) price target on shares of Mears Group PLC in a report on Monday, June 26th.

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The firm also recently declared a dividend, which will be paid on Tuesday, November 7th. Investors of record on Thursday, October 19th will be issued a GBX 3.45 ($0.05) dividend. This represents a yield of 0.77%. The ex-dividend date is Thursday, October 19th.

In other news, insider Peter Dicks acquired 9,455 shares of Mears Group PLC stock in a transaction on Thursday, August 17th. The stock was bought at an average price of GBX 447 ($6.03) per share, for a total transaction of £42,263.85 ($56,982.41).

Mears Group PLC 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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