Mercia Asset Management’s (MERC) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Mercia Asset Management (LON:MERC)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a report released on Thursday, MarketBeat Ratings reports. They presently have a GBX 67 target price on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 138.77% from the stock’s current price.

Mercia Asset Management Stock Down 0.5%

Mercia Asset Management stock traded down GBX 0.13 during midday trading on Thursday, reaching GBX 28.06. The company’s stock had a trading volume of 1,778,564 shares, compared to its average volume of 606,902. Mercia Asset Management has a fifty-two week low of GBX 25.12 and a fifty-two week high of GBX 34. The company has a quick ratio of 5.34, a current ratio of 99.15 and a debt-to-equity ratio of 0.54. The company has a market cap of £118.14 million, a P/E ratio of -14.03 and a beta of 0.76. The business has a 50-day simple moving average of GBX 26.94 and a 200-day simple moving average of GBX 27.87.

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

Insider Activity at Mercia Asset Management

In other Mercia Asset Management news, insider Mark Andrew Payton purchased 56,083 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of GBX 27 per share, with a total value of £15,142.41. Also, insider Martin James Glanfield purchased 104,132 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was bought at an average price of GBX 26 per share, for a total transaction of £27,074.32. In the last 90 days, insiders have purchased 225,892 shares of company stock valued at $5,994,952. 18.61% of the stock is owned by company insiders.

About Mercia Asset Management

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.