Canaccord Genuity Group Reiterates “Buy” Rating for Mercia Asset Management (LON:MERC)

Mercia Asset Management (LON:MERC)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity Group in a research note issued on Thursday,Digital Look reports. They presently have a GBX 67 target price on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 152.83% from the company’s current price.

Mercia Asset Management Stock Up 1.0%

Mercia Asset Management stock opened at GBX 26.50 on Thursday. The firm has a market cap of £111.95 million, a price-to-earnings ratio of -13.25 and a beta of 0.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 99.15 and a quick ratio of 5.34. Mercia Asset Management has a fifty-two week low of GBX 25.12 and a fifty-two week high of GBX 34. The firm has a fifty day moving average price of GBX 28.21 and a two-hundred day moving average price of GBX 28.27.

Mercia Asset Management (LON:MERC) last released its quarterly earnings results on Tuesday, June 30th. The company reported GBX (2) earnings per share (EPS) for the quarter. Mercia Asset Management had a negative net margin of 25.23% and a negative return on equity of 4.78%. As a group, analysts forecast that Mercia Asset Management will post 0.9368771 earnings per share for the current year.

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.