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

Canaccord Genuity Group reissued their buy rating on shares of Mercia Asset Management (LON:MERC) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The firm currently has a GBX 64 ($0.81) price target on the stock.

Mercia Asset Management Stock Performance

Mercia Asset Management stock opened at GBX 32.60 ($0.41) on Tuesday. The stock has a market cap of £140.65 million, a P/E ratio of -3,260.00 and a beta of 1.23. The company has a current ratio of 3.54, a quick ratio of 5.34 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average of GBX 31.93 and a 200-day moving average of GBX 31.53. Mercia Asset Management has a 52 week low of GBX 21 ($0.27) and a 52 week high of GBX 36 ($0.46).

Mercia Asset Management Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be given a dividend of GBX 0.55 ($0.01) per share. This is a positive change from Mercia Asset Management’s previous dividend of $0.35. This represents a dividend yield of 1.77%. The ex-dividend date is Thursday, October 3rd. Mercia Asset Management’s dividend payout ratio is currently -10,000.00%.

About Mercia Asset Management

Mercia Asset Management PLC is a private equity and venture capital firm specializing in incubation, seed EIS, early stage, emerging growth, mid venture, late stage and growth capital investments. It invests in technology focusing on sectors such as digital entertainment, consumer services, media, retailing, energy, healthcare, industrials, materials, real estate, telecommunication services, gaming, internet, software, electronics and hardware, advanced materials, transportation, biosciences, engineering and specialist manufacturing, and life sciences.