Mears Group (LON:MER) Stock Price Passes Above Two Hundred Day Moving Average of $196.98

Mears Group plc (LON:MERGet Rating) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 196.98 ($2.56) and traded as high as GBX 201 ($2.62). Mears Group shares last traded at GBX 200 ($2.60), with a volume of 122,260 shares traded.

Separately, Liberum Capital reissued a “buy” rating and issued a GBX 230 ($2.99) target price on shares of Mears Group in a report on Monday, February 28th.

The firm has a fifty day simple moving average of GBX 199.68 and a 200-day simple moving average of GBX 196.98. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 139.67. The stock has a market cap of £221.91 million and a price-to-earnings ratio of 3.71.

In other news, insider Andrew C. M. Smith acquired 9,767 shares of Mears Group stock in a transaction on Wednesday, April 6th. The shares were purchased at an average price of GBX 200 ($2.60) per share, with a total value of £19,534 ($25,415.04).

Mears Group Company Profile (LON:MER)

Mears Group plc, through its subsidiaries, provides a range of outsourced services to the public and private sectors in the United Kingdom. The company offers rapid response and planned maintenance services to local authorities; gas services and repair solutions; maintenance and repairs, capital works, energy investment, and regeneration solutions for public buildings; and grounds maintenance and asset management services.

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