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).

COPYRIGHT VIOLATION WARNING: “Mercia Technologies (MERC) Earns Buy Rating from Canaccord Genuity” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/12/06/mercia-technologies-merc-earns-buy-rating-from-canaccord-genuity.html.

About Mercia Technologies

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.

Receive News & Ratings for Mercia Technologies PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercia Technologies PLC and related companies with MarketBeat.com's FREE daily email newsletter.