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

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

Wall Street Analyst Weigh In

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

Mercia Asset Management Stock Performance

The company has a current ratio of 3.28, a quick ratio of 5.34 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average of GBX 28.44 and a 200-day moving average of GBX 28.78. The stock has a market capitalization of £127.17 million, a price-to-earnings ratio of 38.44 and a beta of 0.74.

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.