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Mears Group Plc ( (GB:MER) ) has issued an announcement.
Mears Group PLC has acquired Pennington Choices Group Limited for £9.5 million, aiming to enhance its Compliance and Asset Management services. This acquisition aligns with Mears’ strategy to expand in the fragmented housing compliance market, leveraging Pennington Choices’ expertise to strengthen its service offerings and accelerate growth. The acquisition is expected to be earnings accretive in its first year, with anticipated revenue and adjusted EBITDA of £17.0 million and £1.5 million, respectively.
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 predominantly with Central and Local Government through long-term contracts, focusing on property management, maintenance services, and broader housing solutions. Mears employs over 5,000 people and is committed to long-term outcomes and innovations that positively impact communities’ social, economic, and environmental wellbeing.
Average Trading Volume: 166,467
Technical Sentiment Signal: Sell
Current Market Cap: £268.4M
See more data about MER stock on TipRanks’ Stock Analysis page.