Mercia Technologies (MERC) Earns Buy Rating from Canaccord Genuity
Mercia Technologies (LON:MERC)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity in a report released on Wednesday. They currently have a GBX 53 ($0.71) price target on the stock. Canaccord Genuity’s price target would suggest a potential upside of 48.25% from the company’s current price.
Shares of Mercia Technologies (MERC) traded up GBX 1.25 ($0.02) on Wednesday, hitting GBX 35.75 ($0.48). 125,420 shares of the stock were exchanged, compared to its average volume of 65,749. Mercia Technologies has a 12-month low of GBX 31 ($0.42) and a 12-month high of GBX 51.03 ($0.69).
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Mercia Technologies PLC is a national investment company. The Company is also engaged in the technology transfer business. The Company’s investment objective is to generate capital growth for shareholders in the creation, funding, incubation and development of technology businesses with an emphasis on the Midlands and the North of the United Kingdom.
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