Mercia Asset Management (LON:MERC) Given “Buy” Rating at Canaccord Genuity Group

Mercia Asset Management (LON:MERC)‘s stock had its “buy” rating restated by Canaccord Genuity Group in a note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 67 price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 138.77% from the company’s current price.

Mercia Asset Management Stock Down 0.5%

LON:MERC traded down GBX 0.13 on Thursday, hitting GBX 28.06. 1,778,564 shares of the company’s stock were exchanged, compared to its average volume of 606,902. The firm has a 50-day moving average price of GBX 26.94 and a 200-day moving average price of GBX 27.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 99.15 and a quick ratio of 5.34. Mercia Asset Management has a 52 week low of GBX 25.12 and a 52 week high of GBX 34. The company has a market cap of £118.14 million, a P/E ratio of -14.03 and a beta of 0.76.

Mercia Asset Management (LON:MERC) last posted its quarterly earnings data on Tuesday, June 30th. The company reported GBX (2) EPS for the quarter. Mercia Asset Management had a negative return on equity of 4.78% and a negative net margin of 25.23%. As a group, analysts expect that Mercia Asset Management will post 0.9368771 EPS for the current fiscal year.

Insider Activity at Mercia Asset Management

In related news, insider Mark Andrew Payton purchased 65,677 shares of the stock in a transaction on Thursday, August 20th. The shares were purchased at an average price of GBX 27 per share, with a total value of £17,732.79. Also, insider Martin James Glanfield acquired 104,132 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were bought at an average price of GBX 26 per share, for a total transaction of £27,074.32. Insiders have purchased 225,892 shares of company stock valued at $5,994,952 over the last three months. Insiders own 18.61% of the company’s stock.

Mercia Asset Management Company Profile

Mercia is a regionally focused private capital asset manager with c.£2.0billion of AuM, investing across venture capital, private debt, private equity and property development finance. Our purpose is to deliver long-term value for investors while supporting the growth and resilience of the UK economy.