Mercia Asset Management (LON:MERC) Receives Buy Rating from Canaccord Genuity Group

Mercia Asset Management (LON:MERC)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday,Digital Look reports. They currently have a GBX 67 target price on the stock. Canaccord Genuity Group’s price target points to a potential upside of 149.91% from the stock’s previous close.

Mercia Asset Management Price Performance

Shares of MERC opened at GBX 26.81 on Tuesday. The firm has a market capitalization of £113.51 million, a PE ratio of 34.37 and a beta of 0.75. The company’s 50-day moving average is GBX 29.24 and its 200-day moving average is GBX 28.64. Mercia Asset Management has a fifty-two week low of GBX 25.12 and a fifty-two week high of GBX 34.76. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.28 and a quick ratio of 5.34.

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.