Peel Hunt Reaffirms “Buy” Rating for Mears Group (LON:MER)

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Peel Hunt reiterated their buy rating on shares of Mears Group (LON:MER) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also recently commented on MER. Liberum Capital reissued a buy rating on shares of Mears Group in a research report on Tuesday, March 19th. Jefferies Financial Group reissued a hold rating on shares of Mears Group in a research report on Tuesday, April 9th.

LON:MER opened at GBX 256 ($3.35) on Monday. Mears Group has a 52 week low of GBX 220 ($2.87) and a 52 week high of GBX 400 ($5.23). The company’s 50 day moving average price is GBX 244.66. The company has a debt-to-equity ratio of 45.23, a current ratio of 1.15 and a quick ratio of 0.86. The stock has a market capitalization of $282.85 million and a PE ratio of 11.18.

Mears Group Company Profile

Mears Group PLC, through its subsidiaries, provides a range of outsourced services to the public and private sectors in the United Kingdom. It operates in two segments, Housing and Care. The company offers rapid response and planned maintenance services to local authorities and registered social landlords, including responsive repairs; gas and voids services; maintenance, repairs, capital works, and energy investment solution for public buildings; estate cleaning services; and grounds maintenance, hard landscaping, soft landscaping, and arboriculture.

See Also: Leveraged Buyout (LBO)

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