Mercia Asset Management (LON:MERC) Rating Reiterated by Canaccord Genuity Group

Mercia Asset Management (LON:MERC)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a research note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 64 ($0.86) price target on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 93.94% from the stock’s previous close.

Mercia Asset Management Stock Performance

Mercia Asset Management stock opened at GBX 33 ($0.44) on Thursday. The stock has a 50-day moving average of GBX 34.38 and a two-hundred day moving average of GBX 33.31. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.34 and a current ratio of 4.41. Mercia Asset Management has a one year low of GBX 21 ($0.28) and a one year high of GBX 37 ($0.50). The stock has a market cap of £142.33 million, a PE ratio of -1,650.00 and a beta of 1.20.

Insider Buying and Selling at Mercia Asset Management

In other Mercia Asset Management news, insider Martin James Glanfield purchased 119,223 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was bought at an average cost of GBX 35 ($0.47) per share, for a total transaction of £41,728.05 ($55,875.80). 27.09% of the stock is currently owned by company insiders.

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.