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Peel Hunt disclosed Mears Group PLC (LON:MER), supporting its stock price target at 550.00GBX earlier today

In an issued report on Monday August 15 2016 Peel Hunt held steady the target price of Mears Group PLC (LON:MER) at 550GBX indicating a possible upside of 0.31%.

On 6/28/2016, Peel Hunt released a statement for Mears Group PLC(LON:MER) bumped the target price at 550.00GBX that suggested an upside of 0.54%.

Yesterday Mears Group PLC (LON:MER) traded 2.37% higher at 420.38GBX. MER’s 50-day moving average is 433.47GBX and its 200-day average is 406.02GBX. With the last stock price close up 11.57% from the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the date range. Volume of trade was was down over the average, with 20,576 shares of MER changing hands under the typical 107,659 shares..

See Chart Below:

Mears Group PLC (LON:MER)

Mears Group PLC has a 52 week low of 346.75GBX and a one-year high of 484.50GBX with a price-earnings ratio of 40 and has a total market value of 0.0 GBX.

In addition to Peel Hunt reporting it’s price target, a total of 5 brokerages have released a ratings update on Mears Group PLC. The average target stock price is 467.00GBX with two analysts rating the stock a strong buy, 0 rating the stock a buy, three firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 analystsrating the company as sell.

General Company Details For Mears Group PLC (LON:MER)

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. The Company’s Housing segment repairs and maintains over 700, 000 of approximately five million Social Homes in the United Kingdom. It provides personal care to over 30, 000 elderly and disabled people. The Company serves customers, including local authorities, charities, tenants and service users, community groups, private landlords’, elderly people and others. Its subsidiaries include Mears Limited, Scion Technical Services Limited, and Morrison Facilities Services Limited and others.

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