Shares of Mercia Asset Management PLC (LON:MERC – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 32 and last traded at GBX 30.50, with a volume of 710,392 shares. The stock had previously closed at GBX 30.50.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 67 target price on shares of Mercia Asset Management in a research report on Thursday, September 24th. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, Mercia Asset Management has an average rating of “Buy” and an average price target of GBX 67.
Read Our Latest Research Report on Mercia Asset Management
Mercia Asset Management Price Performance
The stock has a market cap of £128.19 million, a price-to-earnings ratio of -15.25 and a beta of 0.80. The stock has a fifty day simple moving average of GBX 28.22 and a 200-day simple moving average of GBX 28.10. The company has a current ratio of 99.15, a quick ratio of 5.34 and a debt-to-equity ratio of 0.54.
Insider Buying and Selling at Mercia Asset Management
In related news, insider Martin James Glanfield bought 104,132 shares of Mercia Asset Management stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average price of GBX 26 per share, for a total transaction of £27,074.32. Also, insider Mark Andrew Payton bought 56,083 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average cost of GBX 27 per share, with a total value of £15,142.41. Insiders acquired a total of 225,892 shares of company stock worth $5,994,952 over the last 90 days. Company insiders own 18.62% of the company’s stock.
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.
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