Mears Group (LON:MER) Shares Cross Above 200-Day Moving Average of $315.84

Mears Group plc (LON:MER)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 315.84 ($3.93) and traded as high as GBX 367.85 ($4.58). Mears Group shares last traded at GBX 363 ($4.52), with a volume of 1,378,320 shares trading hands.

Wall Street Analyst Weigh In

Separately, Numis Securities lifted their target price on Mears Group from GBX 375 ($4.67) to GBX 420 ($5.23) and gave the company an “add” rating in a report on Thursday, April 11th.

Mears Group Price Performance

The company has a market capitalization of £351.05 million, a PE ratio of 1,396.15, a P/E/G ratio of 0.68 and a beta of 1.18. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 145.24. The stock has a fifty day simple moving average of GBX 356.72 and a 200-day simple moving average of GBX 315.84.

Mears Group Company Profile

Mears Group plc, through its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. It offers rapid-response and planned maintenance services to local authorities; gas and repair services; and maintenance and repairs, capital works, energy investment, and regeneration solutions for public buildings, as well as grounds maintenance services.