Mercia Asset Management’s (MERC) Buy Rating Reaffirmed at Canaccord Genuity Group

Mercia Asset Management (LON:MERC)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity Group in a report released on Tuesday, Digital Look reports. They currently have a GBX 64 ($0.81) price target on the stock. Canaccord Genuity Group’s target price points to a potential upside of 98.76% from the company’s previous close.

Mercia Asset Management Stock Up 3.9 %

MERC opened at GBX 32.20 ($0.41) on Tuesday. Mercia Asset Management has a one year low of GBX 21 ($0.27) and a one year high of GBX 36 ($0.46). The company has a debt-to-equity ratio of 0.43, a quick ratio of 5.34 and a current ratio of 3.54. The stock has a market capitalization of £138.92 million, a P/E ratio of -3,220.00 and a beta of 1.23. The business’s 50-day simple moving average is GBX 31.99 and its 200-day simple moving average is GBX 31.49.

About Mercia Asset Management

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.