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

Mercia Asset Management (LON:MERC)‘s stock had its “buy” rating reiterated by Canaccord Genuity Group in a report issued on Tuesday, Digital Look reports. They presently have a GBX 64 ($0.81) price objective on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 98.76% from the stock’s previous close.

Mercia Asset Management Stock Up 3.9 %

Mercia Asset Management stock opened at GBX 32.20 ($0.41) on Tuesday. Mercia Asset Management has a 12 month low of GBX 21 ($0.27) and a 12 month high of GBX 36 ($0.46). The stock has a market capitalization of £138.92 million, a PE ratio of -3,220.00 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.54 and a quick ratio of 5.34. The business has a 50 day simple moving average of GBX 31.99 and a 200-day simple moving average of GBX 31.49.

Mercia Asset Management Company Profile

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.