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Mears Group Plc ( (GB:MER) ) has provided an update.
Mears Group PLC has reported strong trading performance in the first half of 2025, with profit before tax expected to be modestly ahead of the previous year. The company has seen solid growth in its maintenance-led activities, supported by regulatory market drivers and 100% contract retention. Operating margins have strengthened, and the company anticipates full-year results to exceed current market expectations, with revenues and adjusted profit before tax projected at no less than £1,055m and £54m, respectively. This positive momentum reflects Mears’ strategic focus on expanding maintenance activities, compliance, and asset management, as well as delivering additional housing services to the Central Government.
The most recent analyst rating on (GB:MER) stock is a Buy with a £4.35 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.
The overall stock score is primarily driven by strong financial performance and positive corporate events. Technical indicators suggest upward momentum, and the stock’s valuation is attractive, offering potential for capital appreciation and income. However, the high leverage is a consideration for future financial stability.
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 around 450,000 homes. The company works primarily with Central and Local Government through long-term contracts and focuses on delivering property management and maintenance services. Mears is committed to providing broader housing solutions, addressing affordable housing challenges, and supporting vulnerable populations. The company emphasizes long-term outcomes, innovation, and customer satisfaction, aiming to create value for customers and sustainable financial returns for shareholders.
Average Trading Volume: 183,666
Technical Sentiment Signal: Strong Buy
Current Market Cap: £324.3M
For a thorough assessment of MER stock, go to TipRanks’ Stock Analysis page.