Mercia Asset Management (LON:MERC) Trading 1.9% Higher – Still a Buy?

Mercia Asset Management PLC (LON:MERC) shares shot up 1.9% during mid-day trading on Thursday . The stock traded as high as GBX 30 and last traded at GBX 30. 161,457 shares traded hands during trading, a decline of 77% from the average session volume of 691,077 shares. The stock had previously closed at GBX 29.45.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 67 price target on shares of Mercia Asset Management in a report on Thursday, April 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 67.

Mercia Asset Management Stock Up 1.9%

The firm’s 50-day moving average price is GBX 29.17 and its 200-day moving average price is GBX 28.71. The company has a market cap of £127.02 million, a price-to-earnings ratio of 38.46 and a beta of 0.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.28 and a quick ratio of 5.34.

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.