Mercia Asset Management (LON:MERC) Given “Buy” Rating at Canaccord Genuity Group

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

Mercia Asset Management Price Performance

Shares of MERC opened at GBX 33 ($0.44) on Thursday. The company has a current ratio of 4.41, a quick ratio of 5.34 and a debt-to-equity ratio of 0.37. Mercia Asset Management has a 12 month low of GBX 21 ($0.28) and a 12 month high of GBX 37 ($0.50). The stock’s 50 day moving average is GBX 34.38 and its two-hundred day moving average is GBX 33.31. The firm has a market cap of £142.33 million, a P/E 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 acquired 119,223 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were bought at an average cost of GBX 35 ($0.47) per share, with a total value of £41,728.05 ($55,875.80). 27.09% of the stock is owned by corporate 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.