Mercia Asset Management (LON:MERC) Shares Down 0.1% – Here’s Why

Mercia Asset Management PLC (LON:MERC) fell 0.1% on Thursday . The stock traded as low as GBX 29 and last traded at GBX 29.48. 1,291,938 shares traded hands during mid-day trading, an increase of 73% from the average session volume of 746,261 shares. The stock had previously closed at GBX 29.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 67 target price on shares of Mercia Asset Management in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Mercia Asset Management presently has an average rating of “Buy” and an average price target of GBX 67.

Mercia Asset Management Price Performance

The business has a fifty day moving average price of GBX 28.71 and a 200-day moving average price of GBX 28.76. The company has a current ratio of 3.28, a quick ratio of 5.34 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of £124.68 million, a PE ratio of 37.69 and a beta of 0.74.

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.