What’s Ahead for Mears Group PLC After Today’s Huge Increase?

 What's Ahead for Mears Group PLC After Today's Huge Increase?

The stock of Mears Group PLC (LON:MER) is a huge mover today! The stock decreased 0.57% or GBX 2.75 on November 28, hitting GBX 477.25. About 27,031 shares traded hands. Mears Group PLC (LON:MER) has risen 21.29% since April 28, 2016 and is uptrending. It has outperformed by 15.27% the S&P500.
The move comes after 9 months positive chart setup for the GBX 489.46 million company. It was reported on Nov, 28 by Barchart.com. We have GBX 496.34 PT which if reached, will make LON:MER worth GBX 19.58 million more.

Mears Group PLC (LON:MER) Ratings Coverage

Out of 5 analysts covering Mears Group PLC (LON:MER), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. GBX 550 is the highest target while GBX 400 is the lowest. The GBX 464 average target is -2.78% below today’s (GBX 477.25) stock price. Mears Group PLC has been the topic of 34 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, September 7 by Liberum Capital. Canaccord Genuity maintained Mears Group PLC (LON:MER) rating on Tuesday, March 15. Canaccord Genuity has “Hold” rating and GBX 400 price target. The firm earned “Buy” rating on Tuesday, November 17 by Peel Hunt. Liberum Capital maintained the shares of MER in a report on Monday, February 1 with “Buy” rating. The firm has “Buy” rating given on Friday, April 29 by Peel Hunt. The stock has “Buy” rating given by Liberum Capital on Tuesday, March 1. The company was maintained on Tuesday, January 12 by Investec. The stock has “Buy” rating given by Peel Hunt on Tuesday, January 12. The rating was maintained by Jefferies on Wednesday, March 16 with “Hold”. The stock of Mears Group PLC (LON:MER) earned “Buy” rating by Peel Hunt on Friday, November 6.

More news for Mears Group PLC (LON:MER) were recently published by: Valuewalk.com, which released: “Mears Group PLC (MER) – Stock Valuation Analysis” on January 17, 2016. Fool.Co.Uk‘s article titled: “Should you buy or sell Rolls-Royce Holding plc, Northgate plc & Mears Group …” and published on June 28, 2016 is yet another important article.

Mears Group PLC is a United Kingdom holding company. The company has a market cap of 489.46 million GBP. The Company’s principal activities are the provision of a range of outsourced services to the public and private sectors. It has a 25.23 P/E ratio. The Firm operates through two divisions, which include Housing and Care.

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