Mercia Asset Management (LON:MERC - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Canaccord Genuity Group in a research report issued on Wednesday, MarketBeat reports. They currently have a GBX 64 ($0.81) target price on the stock. Canaccord Genuity Group's price objective would suggest a potential upside of 80.28% from the stock's previous close.
Mercia Asset Management Price Performance
Shares of LON:MERC traded up GBX 1.50 ($0.02) during trading on Wednesday, reaching GBX 35.50 ($0.45). 966,339 shares of the company's stock traded hands, compared to its average volume of 858,478. The company has a quick ratio of 5.34, a current ratio of 3.54 and a debt-to-equity ratio of 0.43. Mercia Asset Management has a fifty-two week low of GBX 21 ($0.27) and a fifty-two week high of GBX 36 ($0.46). The company has a 50-day simple moving average of GBX 31.10 and a 200-day simple moving average of GBX 28.35. The firm has a market cap of £154.89 million, a PE ratio of -3,550.00 and a beta of 1.24.
Insider Activity
In other Mercia Asset Management news, insider Raymond Kenneth Chamberlain sold 1,563,813 shares of the company's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of GBX 32 ($0.41), for a total transaction of £500,420.16 ($633,363.07). Company insiders own 30.24% of the company's stock.
Mercia Asset Management Company Profile
(
Get Free Report)
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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