Mercia Asset Management (LON:MERC) Trading Down 1.7% – What’s Next?

Mercia Asset Management PLC (LON:MERC) shares were down 1.7% on Friday . The company traded as low as GBX 29 and last traded at GBX 29. Approximately 611,488 shares changed hands during trading, an increase of 16% from the average daily volume of 525,803 shares. The stock had previously closed at GBX 29.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 67 price objective on shares of Mercia Asset Management in a research note on Thursday, September 25th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 67.

Mercia Asset Management Stock Performance

The company has a quick ratio of 5.34, a current ratio of 4.41 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of GBX 31.26 and a 200-day simple moving average of GBX 30.92. The company has a market capitalization of £124.67 million, a P/E ratio of 36.25 and a beta of 1.20.

Mercia Asset Management Company Profile

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.