Mears Group plc (LON:MER – Get Free Report) insider Lucas Critchley acquired 9,217 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of GBX 416 per share, with a total value of £38,342.72.
Lucas Critchley also recently made the following trade(s):
- On Friday, May 8th, Lucas Critchley sold 60,984 shares of Mears Group stock. The shares were sold at an average price of GBX 401, for a total value of £244,545.84.
Mears Group Trading Up 0.6%
Shares of LON MER opened at GBX 419.59 on Tuesday. Mears Group plc has a 12 month low of GBX 310 and a 12 month high of GBX 422. The company has a market cap of £343.73 million, a price-to-earnings ratio of 7.79, a P/E/G ratio of 0.68 and a beta of 0.46. The company has a quick ratio of 0.92, a current ratio of 0.79 and a debt-to-equity ratio of 157.98. The business has a fifty day simple moving average of GBX 370.48 and a 200-day simple moving average of GBX 362.14.
Mears Group announced that its Board of Directors has approved a stock repurchase plan on Wednesday, April 1st that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 565 target price on shares of Mears Group in a report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 520 target price on shares of Mears Group in a report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 506.
View Our Latest Stock Analysis on Mears Group
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. It provides housing management services, which include supply of affordable homes to public and private sectors; emergency and temporary accommodation services; affordable housing/social housing management; housing with care services; private rented sector; stock acquisition; mears housing solutions; and housing services to central government departments.
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