Mears Advances Buyback as Over 1 Million Shares Are Cancelled

Mears Group Plc ( (GB:MER) ) has shared an announcement.

Mears Group PLC has continued executing its previously announced share buyback programme, repurchasing 536,323 ordinary shares between 29 April and 5 May 2026 at daily weighted average prices around 390p to 397p. All of these shares, acquired through broker Panmure Liberum, will be cancelled, reducing the company’s share capital.

Since launching the programme on 1 April 2026, Mears has bought a total of 1,052,754 shares for cancellation, signalling active capital management and a commitment to returning value to shareholders. The reduction in the number of shares in issue is expected to enhance earnings per share and may support the stock’s performance in the housing and social care services sector.

The most recent analyst rating on (GB:MER) stock is a Buy with a £565.00 price target. To see the full list of analyst forecasts on Mears Group Plc stock, see the GB:MER Stock Forecast page.

Spark’s Take on MER Stock

According to Spark, TipRanks’ AI Analyst, MER is a Neutral.

The score is driven primarily by decent but not conservative financials (improving profitability, but thin margins, higher leverage, and weaker 2025 free cash flow) and an attractive valuation (low P/E and strong yield), partly offset by currently weak technical momentum with the stock trading below key moving averages and a negative MACD.

To see Spark’s full report on MER stock, click here.

More about Mears Group Plc

Mears Group PLC is a U.K.-based provider of housing and social care services, working largely with local authorities and other public-sector clients. The group focuses on maintenance, management, and related services for social housing and community-focused facilities across its home market.

Average Trading Volume: 282,977

Technical Sentiment Signal: Strong Buy

Current Market Cap: £334.2M

For detailed information about MER stock, go to TipRanks’ Stock Analysis page.