Mears Group (LON:MER) Stock Passes Above 200 Day Moving Average - Here's Why

Mears Group plc (LON:MER - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 350.46 and traded as high as GBX 357. Mears Group shares last traded at GBX 350, with a volume of 81,265 shares trading hands.Wall Street Analyst Weigh InSeveral research firms have recently weighed in on MER. Berenberg Bank boosted their target price on Mears Group from GBX 550 to GBX 565 and gave the company a "buy" rating in a research report on Thursday, January 22nd. Peel Hunt reaffirmed a "buy" rating and set a GBX 440 price objective on shares of Mears Group in a research note on Monday, December 8th. Finally, Panmure Gordon reissued a "buy" rating and issued a GBX 499 target price on shares of Mears Group in a research note on Monday, December 8th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of GBX 503.50.Read Our Latest Analysis on MERMears Group Price PerformanceThe stock's 50 day moving average price is GBX 359.57 and its 200-day moving average price is GBX 350.46. The company has a quick ratio of 0.92, a current ratio of 0.87 and a debt-to-equity ratio of 139.90. The stock has a market capitalization of £288.43 million, a PE ratio of 6.55, a price-to-earnings-growth ratio of 0.68 and a beta of 1.26. About Mears Group (Get Free Report)Mears Group plc, together with its subsidiaries, provides various 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 and repair services; and maintenance and repairs, capital works, energy investment, and regeneration solutions for public buildings, as well as grounds maintenance services. It provides housing management services, which include supply of affordable homes to public and private sectors; emergency and temporary accommodation services; affordable housing/social housing management; housing with care services; private rented sector; stock acquisition; mears housing solutions; and housing services to central government departments.Read MoreFive stocks we like better than Mears GroupSilver records prices are great. Monthly income is betterThink You Missed Silver? You’re Wrong. Here’s Why.“Fed Proof” Your Bank Account with THESE 4 Simple StepsWhen to buy gold (mathematically)Trade this between 9:30 and 10:45 am ESTThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Mears Group Right Now?Before you consider Mears Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mears Group wasn't on the list.While Mears Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here