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Mears Group Ord 1P (MER)

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12-May-2021 09:59 AM

Mears swings to loss; sees 'resilient' trading in first quarter

Housing sector services provider Mears swung to a full-year loss as sales slid, but said it expected an improved performance this year as lockdowns ease. Pre-tax losses for the year through December amounted to £15.2 million, compared to a year-on-
08-Dec-2020 07:19 AM

Mears expects to make small annual profit

Housing services provider Mears said it expected to eke out a small annual pre-tax profit after its performance improved in the second half. Revenue for the year through December was expected to be around £825 million, including £407 million
24-Aug-2020 10:50 AM

Broker Forecast - Jefferies International issues a broker note on Mears Group PLC

Jefferies International today reaffirms its hold investment rating on Mears Group PLC (LON:MER) and cut its price target to 130p (from 300p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
18-Aug-2020 09:25 AM

Mears scraps dividend after swinging into the red; eyes second-half recovery

Housing-sector services provider Mears swung to a first-half loss and scrapped its interim dividend as the Covid-19 crisis hurt contract revenue. Pre-tax losses for the six months through June amounted to £11.5m, compared to a profit of £12.1
18-Aug-2020 08:40 AM

Broker Forecast - Liberum Capital issues a broker note on Mears Group PLC

Liberum Capital today reaffirms its hold investment rating on Mears Group PLC (LON:MER) and cut its price target to 130p (from 150p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
22-Jul-2020 09:37 AM

Mears warns of first-half losses; expects some second-half recovery

Housing-sector services provider Mears warned of first-half losses owing to a slump in demand created by the Covid-19 crisis. The company said it expected to book underlying pre-tax losses from continuing activities for the six months through June of abo
22-Jul-2020 09:00 AM

Broker Forecast - Liberum Capital issues a broker note on Mears Group PLC

Liberum Capital today reaffirms its hold investment rating on Mears Group PLC (LON:MER) and cut its price target to 150p (from 175p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
22-Jul-2020 08:50 AM

Broker Forecast - Peel Hunt issues a broker note on Mears Group PLC

Peel Hunt today reaffirms its buy investment rating on Mears Group PLC (LON:MER) and cut its price target to 275p (from 450p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
05-Jun-2020 08:20 AM

Broker Forecast - Liberum Capital issues a broker note on Mears Group PLC

Liberum Capital today reaffirms its hold investment rating on Mears Group PLC (LON:MER) and raised its price target to 175p (from 150p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
27-May-2020 07:24 AM

Mears swings to annual loss on writedown, margin pressure

Services provider to the housing sector Mears swung to a full-year loss after it wrote down the value of discontinued domiciliary care operations and its margins shrunk. Net losses for the year through December amounted to £66.0m, compared to a pro
05-May-2020 07:13 AM

Mears expects to post 'modest' operating losses during UK lockdown

Housing services group Mears said it expected operating losses during the UK's coronavirus lockdown period to be modest, with a small amount of free cash flow to be generated. The company is only delivering an emergency service at its maintenance di
25-Mar-2020 10:00 AM

Broker Forecast - Liberum Capital issues a broker note on Mears Group PLC

Liberum Capital today downgrades its investment rating on Mears Group PLC (LON:MER) to hold (from buy) and cut its price target to 150p (from 450p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
31-Dec-2019 07:59 AM

Mears director steps down

Mears, provider of support services to the UK social housing and care sectors, has announced that Elizabeth Corrado is standing down from the board to focus on her work advising on ESG, sustainable and impact investing strategies. She will cease to be a d
15-Aug-2019 03:20 PM

Broker Forecast - Jefferies International issues a broker note on Mears Group PLC

Jefferies International today reaffirms its hold investment rating on Mears Group PLC (LON:MER) and cut its price target to 300p (from 380p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
13-Aug-2019 07:49 AM

Mears profit falls 3% as margins shrink

Housing and care-sector services provider Mears reported a 3% decline in first-half profit owing to weaker margins. Pre-tax profit for the six months through June fell to £12.5m, down from £12.9m on-year, even as revenue rose 10% to £48
25-Jun-2019 08:04 AM

Mears says trading in line despite challenges in support services sector

Housing and care sector support provider Mears Group said its anticipated results for calendar 2019 continued to be in line with its previous guidance. The company said the first half of the year had seen an intensive period of mobilisation after it secu
19-Mar-2019 08:10 AM

Broker Forecast - Peel Hunt issues a broker note on Mears Group PLC

Peel Hunt today reaffirms its buy investment rating on Mears Group PLC (LON:MER) and cut its price target to 450p (from 500p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
19-Mar-2019 07:57 AM

Mears profit rises 7.4% on margin improvement as sales slip

Housing and care sector services provider Mears Group posted a 7.4% rise in annual profit as it improved margins amid falling sales. Pre-tax profit for the year through December rose to £28.4m, even as revenue fell 3.4% to £869.8m. Operating
15-Jan-2019 08:27 AM

Mears says 2018 trading met expectations in 'competitive' market

Housing and care sector support services provider Mears said trading in 2018 met its expectations in a 'competitive' trading environment. Spending by customers in housing and car was broadly stable and, though budgets were always under pressure
14-Aug-2018 08:20 AM

Broker Forecast - Peel Hunt issues a broker note on Mears Group PLC

Peel Hunt today upgrades its investment rating on Mears Group PLC (LON:MER) to buy (from under review) and set its price target at 500p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
14-Aug-2018 07:07 AM

Mears profit edges up 1% as margin improvements offset revenue fall

Housing support services and aged care provider Mears Group posted a small increase in first-half profit, as cost savings and a focus on better quality work boosted margins. Pre-tax profit rose 1% to £12.9m, even as revenue fell 8% to £435.3m
06-Aug-2018 11:40 AM

Broker Forecast - Jefferies International issues a broker note on Mears Group PLC

Jefferies International today reaffirms its hold investment rating on Mears Group PLC (LON:MER) and cut its price target to 380p (from 460p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
20-Jun-2018 07:38 AM

Mears says housing division revenues have stabilised

Mears Group, which provides support services to the housing and care sectors, said its results for the full year were expected to be in line with market expectations. In a trading update ahead of first-half results, the company said revenues in its housi
20-Mar-2018 12:30 PM

Broker Forecast - Investec issues a broker note on Mears Group PLC

Investec today reaffirms its hold investment rating on Mears Group PLC (LON:MER) and cut its price target to 385p (from 460p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
20-Mar-2018 10:20 AM

Broker Forecast - Peel Hunt issues a broker note on Mears Group PLC

Peel Hunt today reaffirms its buy investment rating on Mears Group PLC (LON:MER) and cut its price target to 500p (from 550p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...

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