Liberum Capital Reaffirms Purchase Rating for Mears Group PLC (MER)

Liberum Capital Reaffirms Purchase Rating for Mears Group PLC (MER)

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.

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