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

Mercia Asset Management (LON:MERC)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a report released on Thursday, Marketbeat.com reports. They currently 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 previous close.

Mercia Asset Management Trading Down 0.5%

Shares of LON:MERC traded down GBX 0.13 during midday trading on Thursday, reaching GBX 28.06. The company had a trading volume of 1,778,564 shares, compared to its average volume of 606,902. The firm has a market cap of £118.14 million, a price-to-earnings ratio of -14.03 and a beta of 0.76. Mercia Asset Management has a 1-year low of GBX 25.12 and a 1-year high of GBX 34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.34 and a current ratio of 99.15. The company has a fifty day simple moving average of GBX 26.90 and a two-hundred day simple moving average of GBX 27.87.

Mercia Asset Management (LON:MERC) last posted its earnings results 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%. 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 Martin James Glanfield purchased 104,132 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average cost of GBX 26 per share, with a total value of £27,074.32. Also, insider Mark Andrew Payton bought 56,083 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were acquired at an average price of GBX 27 per share, with a total value of £15,142.41. Over the last ninety days, insiders bought 225,892 shares of company stock worth $5,994,952. 18.61% of the stock is owned by 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.