Mears Group PLC is a provider of housing and care services to local authorities, social housing providers and private customers in the United Kingdom. The company operates through three segments: Housing Management & Maintenance, Care & Support, and New Build Homes. It offers a range of services, including property management, repairs and maintenance, gas servicing and installation, electrical testing and installation, void property refurbishment, planned preventative maintenance (PPM), insurance claims handling, asbestos management, environmental services such as landscaping and grounds maintenance.
Mears Group PLC is a leading provider of housing and support services to local authorities, housing associations, the Ministry of Defence and private sector customers in the UK. The company has over 25,000 employees across more than 400 locations. Mears provides a comprehensive range of services including repairs and maintenance, gas servicing and installation, property management, construction, care & support, asset management and energy solutions.
The Mears share price has been on a rollercoaster ride over the past year. After reaching an all-time high of £5.40 in May 2018, the shares fell sharply in December as concerns about Brexit weighed on the stock. However, since then Mears has recovered some ground and is currently trading at around £4.60.
Despite the challenges posed by Brexit, Mears continues to perform well financially. In its most recent financial results for the six months ended 30 September 2018, revenue was up 4% to £1 billion while underlying profit before tax rose 5% to £41 million. This strong performance was driven by growth in both its housing and care businesses.
Looking ahead, Mears is well positioned to continue delivering growth despite the ongoing uncertainty surrounding Brexit.
Mears Shares News
Mears Group PLC (LON: MER) announced its interim results for the six months ended 30 June 2019 this morning. The group reported revenue of £1,370.8m, up 2.4% on a like-for-like basis and 3.9% on a statutory basis, with underlying operating profit before one-off items rising 10.3% to £77.0m. Adjusted diluted EPS increased by 9.6% to 11.4p, while net debt fell from £371m to £345m over the period.
The company noted that it had made “good progress” in the first half, with strong growth in its social housing maintenance business offsetting challenges in its housing associations segment and local authority work . Mears added that it expects full-year results to be in line with expectations , despite ongoing challenges in the social housing sector .
What is the Mears Share Price Today
The Mears share price today is $30.80. This is down from yesterday’s close of $31.20. Mears is a provider of housing and support services for people in the UK.
How Has the Mears Share Price Fared Over Time
Mears Group PLC is a British provider of support services to the housing and social care sectors with its headquarters in Watford. The company was founded in 1993 by David Miles and Michael Wheaton. In 2001, Mears acquired FirstService Residential, a US-based property management company.
In 2010, the company was listed on the London Stock Exchange. The Mears Group share price has been volatile over the past few years. After peaking at around £3 per share in early 2018, it fell to below £1 per share by the end of that year.
It then recovered somewhat to trade above £2 per share in 2019 before falling back below £1 per share again in 2020. Despite this volatility, the overall trend seems to be one of gradual decline since 2018. This is likely due to a combination of factors including Brexit uncertainty, economic slowdown and declining government spending on social housing.
Why Might the Mears Share Price Move in a Particular Direction
When it comes to share prices, there are a number of different factors that can come into play. In the case of Mears Group PLC (LON: MEAR), we would note that the company is primarily a provider of housing and maintenance services in the United Kingdom. As such, its share price is likely to be influenced by a number of different macroeconomic conditions.
For example, if we see an increase in inflation then this could lead to higher costs for Mears Group PLC (LON: MEAR). This, in turn, could eat into the company’s profit margins and potentially lead to a sell-off by investors. Similarly, if there is an increase in interest rates then this could make it more expensive for Mears Group PLC (LON: MEAR) to borrow money for expansionary purposes.
This could again negatively impact the share price. On the other hand, if we see strong economic growth then this is likely to be positive for Mears Group PLC (LON: MEAR). This is because strong economic growth tends to lead to increased levels of employment and wages.
This, in turn, should boost demand for housing and maintenance services – which would be good news for Mears Group PLC (LON: MEAR).
What Analyst Recommendations are There for Mears Shares
There are currently 5 sell recommendations, 8 hold recommendations and 2 buy recommendations for Mears shares.
What Economic Factors Could Affect the Mears Share Price
The Mears Group is a leading provider of social housing and support services in the UK. The company has been hit hard by the COVID-19 pandemic, with its share price falling by over 60% since February 2020. Here we outline some of the key economic factors that could impact the Mears share price going forward.
1) The UK economy: The overall performance of the UK economy will have a direct impact on the Mears share price. If the economy recovers quickly from the pandemic then this will be positive for Mears, however if it takes a prolonged period to recover then this will put pressure on the company’s profits and share price. 2) Interest rates: Low interest rates are generally good for companies like Mears as it reduces their borrowing costs.
However, if rates stay at historically low levels for an extended period then this could start to have a negative impact on margins as competitors are able to undercut Mears’ prices. 3) Government policy: Government policy towards social housing and support services will also be a key factor impacting the Mears share price. If there is increased investment in these areas then this will be positive for Mears, however if cuts are made then this will put pressure on profits and potentially lead to job losses which would weigh heavily on the share price.
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Mears Group PLC is a British company that provides housing and support services for people in the United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company was founded in 1993 by David Mears, its current chairman, and it has its headquarters in Wolverhampton.