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

Canaccord Genuity Group restated their buy rating on shares of Mercia Asset Management (LON:MERC) in a research report sent to investors on Tuesday, Marketbeat reports. They currently have a GBX 67 price objective on the stock.

Mercia Asset Management Price Performance

Shares of MERC opened at GBX 31.40 on Tuesday. The firm has a market cap of £131.11 million, a PE ratio of 40.26 and a beta of 1.20. Mercia Asset Management has a 52-week low of GBX 22 and a 52-week high of GBX 35.60. The business’s 50 day moving average price is GBX 30.13 and its two-hundred day moving average price is GBX 31.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.34 and a current ratio of 4.41.

Mercia Asset Management (LON:MERC) last issued its earnings results on Tuesday, December 2nd. The company reported GBX 0.39 EPS for the quarter. Mercia Asset Management had a return on equity of 223.48% and a net margin of 1,438.02%. On average, equities analysts anticipate that Mercia Asset Management will post 0.9368771 EPS for the current year.

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.