Canaccord Genuity Group reiterated their buy rating on shares of Mercia Asset Management (LON:MERC – Free Report) in a research note published on Thursday morning, MarketBeat reports. The firm currently has a GBX 64 ($0.86) target price on the stock.
Mercia Asset Management Price Performance
Mercia Asset Management stock opened at GBX 33 ($0.44) on Thursday. The firm has a market cap of £142.33 million, a PE ratio of -1,650.00 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.34 and a current ratio of 4.41. The firm’s 50 day moving average price is GBX 34.38 and its two-hundred day moving average price is GBX 33.31. Mercia Asset Management has a twelve month low of GBX 21 ($0.28) and a twelve month high of GBX 37 ($0.50).
Mercia Asset Management Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 3rd will be paid a GBX 0.55 ($0.01) dividend. This represents a yield of 1.77%. The ex-dividend date of this dividend is Thursday, October 3rd. This is a positive change from Mercia Asset Management’s previous dividend of $0.35. Mercia Asset Management’s dividend payout ratio is currently -5,000.00%.
Insider Transactions at Mercia Asset Management
Mercia Asset Management Company Profile
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.
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