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Mears Group Plc ( (GB:MER) ) just unveiled an announcement.
Mears Group PLC, a major UK housing services provider, has sold its non-core subsidiary Morrison Facilities Services Limited, which delivers facilities management services mainly to the education and health sectors. The disposal, completed for £18 million in cash on a debt- and cash-free basis, follows a strategic review that identified the facilities management activities as outside Mears’ core housing-focused operations.
The divested business generated £32.1 million in revenue and £2.8 million in profit before tax in 2025 and had been reported within the Group’s maintenance-led segment. The sale simplifies Mears’ portfolio and allows management to concentrate resources on housing services, where the company sees significant growth opportunities supported by strong regulatory drivers, potentially sharpening its strategic positioning and focus for stakeholders.
The most recent analyst rating on (GB:MER) stock is a Buy with a £399.00 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 shows strong financial performance with solid growth and profitability, although high leverage is a concern. The stock’s valuation is attractive with a low P/E ratio and high dividend yield. The recent acquisition is a positive strategic move, enhancing growth prospects. Technical indicators suggest stable market conditions.
To see Spark’s full report on GB:MER stock, click here.
More about Mears Group Plc
Mears Group PLC is a leading UK provider of services to the housing sector, managing and maintaining around 450,000 homes nationwide. The company works predominantly with central and local government under long-term contracts, delivering property management, maintenance and broader housing solutions, with a focus on affordable housing, vulnerable residents and long-term social, economic and environmental outcomes.
Average Trading Volume: 174,238
Technical Sentiment Signal: Buy
Current Market Cap: £296.4M
For an in-depth examination of MER stock, go to TipRanks’ Overview page.