Liberum Capital reissued their buy rating on shares of Mears Group (LON:MER) in a research report released on Tuesday morning, ThisIsMoney.Co.Uk reports.
Separately, Peel Hunt reiterated a buy rating and set a GBX 450 ($5.88) price objective on shares of Mears Group in a research report on Tuesday.
Mears Group stock opened at GBX 272 ($3.55) on Tuesday. The stock has a market cap of $296.11 million and a P/E ratio of 11.88. The company has a debt-to-equity ratio of 45.23, a current ratio of 1.15 and a quick ratio of 0.86. Mears Group has a 1 year low of GBX 220 ($2.87) and a 1 year high of GBX 400 ($5.23). The firm’s 50 day moving average price is GBX 264.64 and its 200-day moving average price is GBX 261.19.
The firm also recently announced a dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be issued a GBX 3.65 ($0.05) dividend. This represents a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, October 3rd. Mears Group’s dividend payout ratio (DPR) is presently 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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