Mercia Asset Management (LON:MERC) Hits New 1-Year High – Still a Buy?

Mercia Asset Management PLC (LON:MERC)’s share price reached a new 52-week high on Monday. The company traded as high as GBX 32 and last traded at GBX 30.25, with a volume of 219,494 shares trading hands. The stock had previously closed at GBX 32.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 67 price target on shares of Mercia Asset Management in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, Mercia Asset Management currently has a consensus rating of “Buy” and a consensus price target of GBX 67.

Mercia Asset Management Price Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.34 and a current ratio of 99.15. The stock’s 50-day moving average is GBX 27.84 and its 200 day moving average is GBX 28.07. The stock has a market capitalization of £128.57 million, a PE ratio of -15.29 and a beta of 0.80.

Insiders Place Their Bets

In related news, insider Mark Andrew Payton purchased 56,083 shares of Mercia Asset Management stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of GBX 27 per share, with a total value of £15,142.41. Also, insider Martin James Glanfield acquired 104,132 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was bought at an average price of GBX 26 per share, with a total value of £27,074.32. Over the last three months, insiders purchased 225,892 shares of company stock valued at $5,994,952. 18.62% of the stock is owned by corporate insiders.

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.