Mercia Asset Management (LON:MERC - Get Free Report) had its price target raised by equities research analysts at Canaccord Genuity Group from GBX 64 ($0.87) to GBX 67 ($0.91) in a report issued on Tuesday, MarketBeat reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price target points to a potential upside of 101.20% from the stock's current price.
Mercia Asset Management Stock Up 0.9%
LON MERC traded up GBX 0.30 ($0.00) during mid-day trading on Tuesday, hitting GBX 33.30 ($0.45). The company's stock had a trading volume of 530,979 shares, compared to its average volume of 561,391. The firm has a market capitalization of £146.45 million, a price-to-earnings ratio of 0.34 and a beta of 1.20. The company's 50 day simple moving average is GBX 29.32 and its 200 day simple moving average is GBX 27.73. The company has a current ratio of 4.41, a quick ratio of 5.34 and a debt-to-equity ratio of 0.37. Mercia Asset Management has a twelve month low of GBX 22 ($0.30) and a twelve month high of GBX 37 ($0.51).
Mercia Asset Management (LON:MERC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 1st. The company reported GBX 0.80 ($0.01) earnings per share (EPS) for the quarter. Mercia Asset Management had a net margin of 1,438.02% and a return on equity of 223.48%. Analysts anticipate that Mercia Asset Management will post 0.9368771 earnings per share for the current year.
About Mercia Asset Management
(
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Mercia is a proactive, specialist asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of balance sheet, venture, private equity and debt capital; the Group's 'Complete Capital Solution'. The Group initially nurtures businesses via its third-party funds under management then, over time, Mercia can provide further funding to the most promising companies by deploying direct investment follow-on capital from its own balance sheet.
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