Canaccord Genuity Group Reaffirms “Buy” Rating for Mercia Asset Management (LON:MERC)

Mercia Asset Management (LON:MERC)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity Group in a report issued on Thursday, London Stock Exchange reports. They currently have a GBX 67 target price on the stock. Canaccord Genuity Group’s target price points to a potential upside of 145.87% from the stock’s current price.

Mercia Asset Management Stock Down 0.9%

Shares of LON MERC opened at GBX 27.25 on Thursday. The company has a market capitalization of £114.73 million, a price-to-earnings ratio of -13.62 and a beta of 0.76. 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. The business has a 50-day moving average of GBX 26.82 and a two-hundred day moving average of GBX 27.86.

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

Insider Buying and Selling at Mercia Asset Management

In other Mercia Asset Management news, insider Martin James Glanfield acquired 104,132 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was purchased at an average price of GBX 26 per share, for a total transaction of £27,074.32. Also, insider Mark Andrew Payton purchased 65,677 shares of Mercia Asset Management stock in a transaction dated Thursday, August 20th. The shares were bought at an average price of GBX 27 per share, with a total value of £17,732.79. Insiders acquired a total of 225,892 shares of company stock worth $5,994,952 over the last three months. 18.61% of the stock is currently owned by corporate insiders.

Mercia Asset Management Company Profile

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.