Mercia Asset Management (LON:MERC) Trading Down 1.8% – What’s Next?

Mercia Asset Management PLC (LON:MERC) shares were down 1.8% on Tuesday . The stock traded as low as GBX 27 and last traded at GBX 27. Approximately 6,126,022 shares were traded during trading, an increase of 519% from the average daily volume of 988,906 shares. The stock had previously closed at GBX 27.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 67 target price on shares of Mercia Asset Management in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Mercia Asset Management presently has a consensus rating of “Buy” and an average target price of GBX 67.

Mercia Asset Management Stock Up 1.8%

The company has a debt-to-equity ratio of 0.62, a quick ratio of 5.34 and a current ratio of 3.28. The firm’s 50 day moving average price is GBX 28 and its two-hundred day moving average price is GBX 29.49. The company has a market cap of £119.22 million, a P/E ratio of 35.90 and a beta of 0.78.

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.