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Mears Group PLC 30.4% Potential Upside Indicated by Peel Hunt

Mears Group PLC using EPIC/TICKER code LON:MER had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Peel Hunt. Mears Group PLC are listed in the Industrials sector within UK Main Market. Peel Hunt have set a target price of 550 GBX on its stock. This is indicating the analyst believes there is a potential upside of 30.4% from the opening price of 421.93 GBX. Over the last 30 and 90 trading days the company share price has increased 32.68 points and increased 31.43 points respectively.


Mears Group PLC LON:MER has a 50 day moving average of 395.81 GBX and the 200 Day Moving Average price is recorded at 419.47 GBX. The 1 year high for the stock price is 475 GBX while the year low stock price is currently 346.75 GBX. There are currently 102,526,209 shares in issue with the average daily volume traded being 91,763. Market capitalisation for LON:MER is £432,958,031 GBP.


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. The Care segment provides personal care services to people in their own homes.