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

Mercia Asset Management (LON:MERC)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a research report issued on Tuesday,London Stock Exchange reports. They currently have a GBX 67 price objective on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 116.13% from the stock’s current price.

Mercia Asset Management Stock Up 1.0%

Shares of LON:MERC traded up GBX 0.30 during midday trading on Tuesday, hitting GBX 31. 1,022,934 shares of the company’s stock traded hands, compared to its average volume of 508,701. The firm’s fifty day moving average price is GBX 30.22 and its two-hundred day moving average price is GBX 31.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.34 and a current ratio of 4.41. Mercia Asset Management has a twelve month low of GBX 22 and a twelve month high of GBX 35.60. The company has a market cap of £133.27 million, a PE ratio of 38.75 and a beta of 1.20.

Mercia Asset Management (LON:MERC) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 0.39 EPS for the quarter. Mercia Asset Management had a return on equity of 223.48% and a net margin of 1,438.02%. On average, equities research analysts anticipate 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.