Mears Group (MER) Stock Rating Reaffirmed by Peel Hunt

Mears Group (LON:MER)‘s stock had its “buy” rating restated by research analysts at Peel Hunt in a research note issued on Tuesday. They currently have a GBX 550 ($7.40) target price on the stock. Peel Hunt’s price target suggests a potential upside of 42.12% from the stock’s previous close.

Separately, Liberum Capital restated a “buy” rating and set a GBX 540 ($7.27) price objective on shares of Mears Group in a report on Tuesday, August 15th.

Mears Group (LON:MER) opened at GBX 387 ($5.21) on Tuesday. Mears Group has a 12-month low of GBX 377.97 ($5.09) and a 12-month high of GBX 540 ($7.27).

In other news, insider Robert (Bob) Holt sold 100,000 shares of Mears Group stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of GBX 459 ($6.18), for a total value of £459,000 ($617,765.81).

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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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