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

Mercia Asset Management (LON:MERC)‘s stock had its “buy” rating reissued by Canaccord Genuity Group in a note issued to investors on Thursday, September 24th, MarketBeat.com reports. They currently have a GBX 67 price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 139.29% from the company’s current price.

Mercia Asset Management Price Performance

Mercia Asset Management stock remained flat at GBX 28 during mid-day trading on Thursday. The company’s stock had a trading volume of 308,811 shares, compared to its average volume of 600,936. Mercia Asset Management has a one year low of GBX 25.12 and a one year high of GBX 34. The firm has a market cap of £117.88 million, a P/E ratio of -14.00 and a beta of 0.76. The firm has a 50-day moving average price of GBX 27.03 and a 200 day moving average price of GBX 27.88. 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 (LON:MERC) last issued its quarterly earnings data on Tuesday, June 30th. The company reported GBX (2) earnings per share (EPS) for the quarter. Mercia Asset Management had a negative net margin of 25.23% and a negative return on equity of 4.78%. Equities research analysts predict that Mercia Asset Management will post 0.9368771 earnings per share for the current year.

Insider Transactions at Mercia Asset Management

In other news, insider Mark Andrew Payton bought 65,677 shares of Mercia Asset Management stock in a transaction on Thursday, August 20th. The shares were bought at an average cost of GBX 27 per share, for a total transaction of £17,732.79. Also, insider Martin James Glanfield purchased 104,132 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of GBX 26 per share, for a total transaction of £27,074.32. Over the last 90 days, insiders acquired 225,892 shares of company stock worth $5,994,952. 18.61% of the stock is owned by insiders.

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.