Mears Cancels Further Shares as Buyback Programme Passes 500,000 Mark

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

Mears Group PLC has continued to execute its previously announced share buyback programme, repurchasing 199,847 ordinary shares between 22 and 28 April 2026 at daily weighted average prices ranging from about 379p to 388p. The purchased shares will be cancelled, and since the start of the programme on 1 April 2026 the company has bought back 516,431 shares in total for cancellation.

The ongoing buyback reduces the group’s share count, which can enhance earnings per share and signal confidence in the company’s financial position and valuation to investors. By funding and implementing regular repurchases through its broker, Mears is actively managing its capital structure in a way that is likely to be viewed positively by shareholders seeking improved returns and tighter capital discipline.

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.-listed provider of housing and care services, focusing on repairs, maintenance and management for social housing and other public sector clients. The group operates as a contractor to local authorities and housing associations, positioning itself as a key player in outsourced public services.

Average Trading Volume: 254,122

Technical Sentiment Signal: Strong Buy

Current Market Cap: £321.1M

Learn more about MER stock on TipRanks’ Stock Analysis page.