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An announcement from Mears Group Plc ( (GB:MER) ) is now available.
Mears Group PLC announced that its Chairman, Jim Clarke, has purchased 10,000 ordinary shares in the company, increasing his total shareholding to 40,000 shares, which represents approximately 0.05% of the company’s voting share capital. This move indicates confidence in the company’s future prospects and may positively influence stakeholder perceptions, reinforcing Mears’ stable position in the housing services industry.
The most recent analyst rating on (GB:MER) stock is a Buy with a £431.00 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 GB:MER Stock
According to Spark, TipRanks’ AI Analyst, GB:MER is a Outperform.
Mears Group Plc’s overall stock score is driven by strong financial performance and attractive valuation. The company’s solid cash flow and profitability are offset by high leverage, which poses a risk. Positive corporate events and strategic progress enhance the outlook, while technical indicators suggest caution in the short term.
To see Spark’s full report on GB:MER stock, click here.
More about Mears Group Plc
Mears Group PLC is a leading provider of services to the Affordable Housing sector in the UK, managing and maintaining around 450,000 homes. The company works primarily with Central and Local Government through long-term contracts, focusing on property management, maintenance, and broader housing solutions. Mears employs over 5,000 people and is committed to long-term outcomes, investing in innovations for social, economic, and environmental wellbeing.
Average Trading Volume: 155,468
Technical Sentiment Signal: Buy
Current Market Cap: £288M
Find detailed analytics on MER stock on TipRanks’ Stock Analysis page.