Canaccord Genuity Group reaffirmed their buy rating on shares of Mercia Asset Management (LON:MERC – Free Report) in a report issued on Thursday,Digital Look reports. Canaccord Genuity Group currently has a GBX 67 price objective on the stock.
Mercia Asset Management Stock Performance
MERC opened at GBX 26.50 on Thursday. The firm has a market capitalization of £111.95 million, a P/E ratio of -13.25 and a beta of 0.77. The stock’s 50 day moving average price is GBX 28.15 and its two-hundred day moving average price is GBX 28.25. The company has a quick ratio of 5.34, a current ratio of 99.15 and a debt-to-equity ratio of 0.54. Mercia Asset Management has a 12-month low of GBX 25.12 and a 12-month high of GBX 34.
Mercia Asset Management (LON:MERC – Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The company reported GBX (2) EPS for the quarter. Mercia Asset Management had a negative return on equity of 4.78% and a negative net margin of 25.23%. On average, equities analysts forecast that Mercia Asset Management will post 0.9368771 earnings per share for the current 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.
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