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

Mercia Asset Management (LON:MERC)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity Group in a research note issued to investors on Monday, Digital Look reports. They presently have a GBX 61 ($0.75) price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 117.86% from the company’s previous close.

Mercia Asset Management Stock Up 27.3 %

Shares of MERC traded up GBX 6 ($0.07) during trading hours on Monday, hitting GBX 28 ($0.34). The company had a trading volume of 2,078,242 shares, compared to its average volume of 347,810. The stock has a market capitalization of £125.07 million, a price-to-earnings ratio of 2,800.00 and a beta of 1.11. The firm has a fifty day moving average price of GBX 23.48 and a 200-day moving average price of GBX 25.38. Mercia Asset Management has a 52-week low of GBX 21 ($0.26) and a 52-week high of GBX 35 ($0.43). The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.34 and a current ratio of 4.97.

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.