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

Canaccord Genuity Group reissued their buy rating on shares of Mercia Asset Management (LON:MERC) in a report issued on Thursday,Digital Look reports. Canaccord Genuity Group currently has a GBX 67 price target on the stock.

Mercia Asset Management Trading Up 0.9%

MERC opened at GBX 30.27 on Thursday. The company’s 50 day moving average is GBX 28.29 and its 200-day moving average is GBX 28.95. Mercia Asset Management has a 1-year low of GBX 25.13 and a 1-year high of GBX 34.76. The company has a current ratio of 3.28, a quick ratio of 5.34 and a debt-to-equity ratio of 0.62. The company has a market cap of £128.68 million, a P/E ratio of 38.81 and a beta of 0.75.

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.