Canaccord Genuity Group reissued their buy rating on shares of Mercia Asset Management (LON:MERC – Free Report) in a report issued on Thursday,Digital Look reports. The firm currently has a GBX 67 price target on the stock.
Mercia Asset Management Stock Performance
Mercia Asset Management stock opened at GBX 26.40 on Thursday. The firm has a market capitalization of £111.52 million, a P/E ratio of -13.20 and a beta of 0.77. 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 company’s 50-day moving average is GBX 28.10 and its 200 day moving average is GBX 28.24.
Mercia Asset Management (LON:MERC – Get Free Report) last released 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%. Research analysts forecast that Mercia Asset Management will post 0.9368771 EPS for the current year.
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.
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