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

Mercia Asset Management (LON:MERC)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity Group in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 67 target price on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 152.83% from the company’s current price.

Mercia Asset Management Trading Up 1.0%

Shares of LON:MERC opened at GBX 26.50 on Thursday. The company has a current ratio of 99.15, a quick ratio of 5.34 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of £111.95 million, a PE ratio of -13.25 and a beta of 0.77. Mercia Asset Management has a 1 year low of GBX 25.12 and a 1 year high of GBX 34. The firm has a fifty day moving average price of GBX 28.21 and a 200 day moving average price of GBX 28.27.

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

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.