Mercia Asset Management’s (MERC) “Buy” Rating Reiterated at Canaccord Genuity Group

Mercia Asset Management (LON:MERC)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a research note issued on Tuesday,Digital Look reports. They presently have a GBX 67 target price on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 149.91% from the company’s current price.

Mercia Asset Management Stock Performance

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

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.