Mercia Asset Management (LON:MERC) Earns “Buy” Rating from Canaccord Genuity Group

Mercia Asset Management (LON:MERC)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a research note issued on Thursday,Digital Look reports. They presently have a GBX 67 price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 153.79% from the company’s previous close.

Mercia Asset Management Stock Performance

LON MERC opened at GBX 26.40 on Thursday. The stock has a market capitalization of £111.52 million, a PE ratio of -13.20 and a beta of 0.77. The business has a 50 day simple moving average of GBX 28.10 and a two-hundred day simple moving average of GBX 28.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 99.15 and a quick ratio of 5.34. Mercia Asset Management has a 1-year low of GBX 25.12 and a 1-year high of GBX 34.

Mercia Asset Management (LON:MERC) last released its quarterly earnings data on Tuesday, June 30th. The company reported GBX (2) earnings per share (EPS) for the quarter. Mercia Asset Management had a negative return on equity of 4.78% and a negative net margin of 25.23%. On average, research analysts predict that Mercia Asset Management will post 0.9368771 EPS for the current fiscal 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.