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Mears Group PLC 37.4% Potential Upside Indicated by Peel Hunt

Mears Group PLC using EPIC/TICKER code LON:MER has 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 would indicate that the analyst believes there is a potential upside of 37.4% from today’s opening price of 400.25 GBX. Over the last 30 and 90 trading days the company share price has decreased 17.5 points and decreased 19.75 points respectively.

 

Mears Group PLC LON:MER has a 50 day moving average of 419.98 GBX and a 200 Day Moving Average share price is recorded at 422.42 GBX. The 52 week high share price is 475 GBX while the 52 week low for the stock is 361.75 GBX. There are currently 101,977,258 shares in issue with the average daily volume traded being 36,078. Market capitalisation for LON:MER is £404,849,714 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.

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