Mercia Asset Management (LON:MERC) Stock Price Up 2.5% – Should You Buy?

Mercia Asset Management PLC (LON:MERC) traded up 2.5% on Thursday . The company traded as high as GBX 30.50 and last traded at GBX 30.50. 178,855 shares traded hands during trading, a decline of 78% from the average session volume of 798,168 shares. The stock had previously closed at GBX 29.75.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 67 price objective on shares of Mercia Asset Management in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Mercia Asset Management presently has an average rating of “Buy” and an average target price of GBX 67.

Mercia Asset Management Trading Up 2.5%

The company has a market cap of £129.37 million, a price-to-earnings ratio of 39.10 and a beta of 0.74. The firm has a 50-day moving average price of GBX 28.44 and a 200 day moving average price of GBX 28.78. The company has a current ratio of 3.28, a quick ratio of 5.34 and a debt-to-equity ratio of 0.62.

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.