Liberum Capital restated their buy rating on shares of Mears Group PLC (LON:MER) in a report released on Tuesday. The firm currently has a GBX 525 ($6.48) target price on the stock.
Separately, Peel Hunt reissued a buy rating and set a GBX 550 ($6.79) price objective on shares of Mears Group PLC in a report on Tuesday, January 24th.
Shares of Mears Group PLC (LON:MER) opened at 495.00 on Tuesday. The stock has a 50 day moving average price of GBX 511.63 and a 200 day moving average price of GBX 472.65. The stock’s market capitalization is GBX 507.50 million. Mears Group PLC has a 1-year low of GBX 346.75 and a 1-year high of GBX 540.00.
The company also recently declared a dividend, which will be paid on Thursday, July 6th. Shareholders of record on Thursday, June 15th will be issued a GBX 8.40 ($0.10) dividend. This is a positive change from Mears Group PLC’s previous dividend of $3.30. This represents a yield of 1.68%. The ex-dividend date of this dividend is Thursday, June 15th.
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.