Mears Group PLC AGM Results: All Resolutions Passed

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

Mears Group PLC successfully held its Annual General Meeting, where all proposed resolutions were passed. Key outcomes included the approval of the audited accounts for 2024, reappointment of PricewaterhouseCoopers as auditors, and the declaration of a final dividend. The re-election of directors and authorizations for share allotment and market purchases were also confirmed, reflecting strong shareholder support and positioning the company for continued stability and growth.

The most recent analyst rating on (GB:MER) stock is a Buy with a £4.80 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 of 77.95 reflects strong financial performance, particularly in income growth and cash flow generation. The stock is technically sound with positive market momentum. Valuation metrics indicate the stock is undervalued, with a solid dividend yield supporting income investors. The recent contract wins and shareholder return strategies, including a dividend increase and share buybacks, further bolster the company’s prospects. However, high leverage remains a risk that requires management’s attention.

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 housing sector in the UK, managing and maintaining approximately 450,000 homes. The company works primarily with central and local governments through long-term contracts, focusing on property management, maintenance services, and broader housing solutions. Mears is committed to improving the quality of life for residents and communities through innovative approaches and sustainable practices.

Average Trading Volume: 261,113

Technical Sentiment Signal: Buy

Current Market Cap: £342.7M

For a thorough assessment of MER stock, go to TipRanks’ Stock Analysis page.