Mercia Asset Management (LON:MERC) Shares Down 0.7% – What’s Next?

Mercia Asset Management PLC (LON:MERC)’s share price dropped 0.7% during trading on Tuesday . The stock traded as low as GBX 27 and last traded at GBX 27. Approximately 540,842 shares were traded during trading, a decline of 2% from the average daily volume of 553,075 shares. The stock had previously closed at GBX 27.20.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 67 price target on shares of Mercia Asset Management in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Mercia Asset Management presently has an average rating of “Buy” and an average target price of GBX 67.

Mercia Asset Management Trading Down 0.7%

The company has a market capitalization of £115.63 million, a P/E ratio of 34.62 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 stock has a fifty day moving average of GBX 29.29 and a 200 day moving average of GBX 30.86.

Mercia Asset Management (LON:MERC) last released its quarterly earnings results on Tuesday, December 2nd. The company reported GBX 0.39 earnings per share (EPS) for the quarter. Mercia Asset Management had a return on equity of 223.48% and a net margin of 1,438.02%. As a group, equities research analysts anticipate that Mercia Asset Management PLC will post 0.9368771 EPS for the current fiscal year.

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.