Andrew C. M. Smith Purchases 6,500 Shares of Mears Group plc (LON:MER) Stock

Mears Group plc (LON:MER) insider Andrew C. M. Smith purchased 6,500 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of GBX 382 ($5.19) per share, for a total transaction of £24,830 ($33,718.09).

Mears Group Trading Down 2.0%

LON:MER opened at GBX 368.50 ($5.00) on Thursday. The firm has a market cap of £322.84 million, a P/E ratio of 8.21, a PEG ratio of 0.68 and a beta of 1.26. The company has a current ratio of 0.87, a quick ratio of 0.92 and a debt-to-equity ratio of 139.90. The stock’s 50 day simple moving average is GBX 390.21 and its 200-day simple moving average is GBX 384.60. Mears Group plc has a 12-month low of GBX 322 ($4.37) and a 12-month high of GBX 421.37 ($5.72).

Mears Group (LON:MER) last released its earnings results on Thursday, August 7th. The company reported GBX 28.62 ($0.39) earnings per share (EPS) for the quarter. Mears Group had a return on equity of 21.83% and a net margin of 3.67%. Equities analysts anticipate that Mears Group plc will post 32.5150732 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on Mears Group from GBX 500 ($6.79) to GBX 510 ($6.93) and gave the company a “buy” rating in a report on Thursday, August 7th.

About Mears Group

Mears Group plc, together with its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. The company offers rapid-response and planned maintenance services to local authorities; gas and repair services; and maintenance and repairs, capital works, energy investment, and regeneration solutions for public buildings, as well as grounds maintenance services.