Mears Group PLC’s (MER) “Buy” Rating Reaffirmed at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Mears Group PLC (LON:MER) in a research note issued to investors on Tuesday morning. The brokerage currently has a GBX 550 ($7.14) price objective on the stock.

Separately, Liberum Capital reiterated a buy rating and issued a GBX 540 ($7.01) price objective on shares of Mears Group PLC in a research report on Tuesday.

Shares of Mears Group PLC (MER) opened at 430.00 on Tuesday. The stock’s market capitalization is GBX 442.86 million. The stock has a 50 day moving average of GBX 474.35 and a 200-day moving average of GBX 497.67. Mears Group PLC has a one year low of GBX 425.00 and a one year high of GBX 540.00.

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The company also recently disclosed a dividend, which will be paid on Tuesday, November 7th. Investors of record on Thursday, October 19th will be given a GBX 3.45 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a yield of 0.77%.

Mears Group PLC 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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