Mercia Asset Management (LON:MERC) Sets New 1-Year High – Still a Buy?

Mercia Asset Management PLC (LON:MERC) reached a new 52-week high during trading on Tuesday. The company traded as high as GBX 32 and last traded at GBX 30.50, with a volume of 573,220 shares changing hands. The stock had previously closed at GBX 30.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 67 target price on shares of Mercia Asset Management in a report on Thursday, September 24th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 67.

Mercia Asset Management Price Performance

The company has a quick ratio of 5.34, a current ratio of 99.15 and a debt-to-equity ratio of 0.54. 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 business’s fifty day moving average is GBX 27.35 and its two-hundred day moving average is GBX 27.93.

Insider Buying and Selling at Mercia Asset Management

In related news, insider Martin James Glanfield acquired 104,132 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of GBX 26 per share, with a total value of £27,074.32. Also, insider Mark Andrew Payton acquired 65,677 shares of Mercia Asset Management stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of GBX 27 per share, for a total transaction of £17,732.79. In the last 90 days, insiders acquired 225,892 shares of company stock valued at $5,994,952. 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.