Mears Group PLC -5.1% potential downside indicated by Numis

Mears Group PLC with ticker (LON:MER) now has a potential downside of -5.1% according to Numis.



Numis set a target price of 280 GBX for the company, which when compared to the Mears Group PLC share price of 295 GBX at opening today (28/06/2023) indicates a potential downside of -5.1%. Trading has ranged between 179 (52 week low) and 295 (52 week high) with an average of 319,549 shares exchanging hands daily. The market capitalisation at the time of writing is £320,087,425.

Mears Group PLC is a United Kingdom-based provider of housing solutions for both the public and private sectors. The Company offers a range of services, including Housing Maintenance, Housing with Care, Housing Management, House Building, Planned maintenance, Capital Works and Facilities Management. Housing maintenance includes repairs, refurbishment, fire safety and building maintenance services. It also provides planned maintenance services. Housing with Care services provides a range of schemes, including small buildings with a few properties and large sites. Housing Management service is specialized in community housing management services, including looking after tenancy, lease management and property maintenance. Planned maintenance includes jobs, such as installing central heating, fitting double glazing, kitchen and bathroom improvements, re-wiring, re-roofing, annual boiler and heating servicing, fitting and maintaining smoke alarms, external decoration and structural repairs.