Mercia Asset Management PLC (LON:MERC – Get Free Report)’s stock price reached a new 52-week high during trading on Monday. The company traded as high as GBX 32 and last traded at GBX 30.25, with a volume of 219,494 shares trading hands. The stock had previously closed at GBX 32.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 67 target price on shares of Mercia Asset Management in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 67.
View Our Latest Analysis on MERC
Mercia Asset Management Price Performance
The company has a quick ratio of 5.34, a current ratio of 99.15 and a debt-to-equity ratio of 0.54. The firm has a market cap of £127.14 million, a PE ratio of -15.12 and a beta of 0.80. The stock has a 50 day moving average price of GBX 27.70 and a two-hundred day moving average price of GBX 28.04.
Insider Buying and Selling
In related news, insider Mark Andrew Payton bought 56,083 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were bought at an average price of GBX 27 per share, with a total value of £15,142.41. Also, insider Martin James Glanfield purchased 104,132 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were bought at an average price of GBX 26 per share, for a total transaction of £27,074.32. Insiders purchased a total of 225,892 shares of company stock valued at $5,994,952 over the last quarter. 18.62% of the stock is owned by company insiders.
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.
See Also
- Five stocks we like better than Mercia Asset Management
- Mr. Wonderful’s Test for AI Data Center Stocks: Power, Permits, and Tenants
- Alcoa Beat Earnings, But Can It Escape the Aluminum Bears?
- Insider Buying Is Rising at These 3 Regional Banks, But the Details Matter
- Illinois Tool Works Faces Headwinds—2 Alternatives Stand Out
Receive News & Ratings for Mercia Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercia Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.
