Mears Group (MER) Price Target Lowered to GBX 480 at Liberum Capital
Mears Group (LON:MER) had its price objective cut by Liberum Capital from GBX 525 ($7.07) to GBX 480 ($6.46) in a research report issued on Tuesday. The firm presently has a “buy” rating on the stock. Liberum Capital’s price target points to a potential upside of 22.37% from the stock’s current price.
Separately, Peel Hunt restated a “buy” rating and issued a GBX 550 ($7.40) price target on shares of Mears Group in a research note on Wednesday, September 20th.
Mears Group (LON MER) opened at GBX 392.25 ($5.28) on Tuesday. Mears Group has a fifty-two week low of GBX 402.50 ($5.42) and a fifty-two week high of GBX 540 ($7.27).
In related news, insider Robert (Bob) Holt sold 100,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of GBX 459 ($6.18), for a total value of £459,000 ($617,765.81).
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Mears Group 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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