Mears Wins £200m Moat Homes Contract to Bolster Growth

An update from Mears Group Plc ( (GB:MER) ) is now available.

Mears Group PLC has secured a new long-term contract with housing association Moat Homes, valued at more than £200 million over an initial 10-year term, to deliver responsive and void maintenance and planned works to about 20,000 homes across South-East England. The deal, which follows an interim emergency procurement appointment in 2024 and includes a five-year extension option, reinforces Mears’ position in the local government housing services market and underpins management’s confidence in achieving medium-term growth targets in its local government division.

The most recent analyst rating on (GB:MER) stock is a Buy with a £565.00 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 MER Stock

According to Spark, TipRanks’ AI Analyst, MER is a Neutral.

The score is driven primarily by decent but not conservative financials (improving profitability, but thin margins, higher leverage, and weaker 2025 free cash flow) and an attractive valuation (low P/E and strong yield), partly offset by currently weak technical momentum with the stock trading below key moving averages and a negative MACD.

To see Spark’s full report on MER stock, click here.

More about Mears Group Plc

Mears Group PLC is a leading UK-based provider of services to the housing sector, managing and maintaining around 450,000 homes nationwide. Working mainly with central and local government on long-term contracts, the group delivers property management, maintenance and broader housing solutions aimed at addressing affordable housing shortages and supporting vulnerable residents.

Average Trading Volume: 230,729

Technical Sentiment Signal: Strong Buy

Current Market Cap: £309.8M

See more insights into MER stock on TipRanks’ Stock Analysis page.