Mercia Asset Management PLC (LON:MERC – Get Free Report) shares hit a new 52-week high during trading on Monday. The company traded as high as GBX 32 and last traded at GBX 30.25, with a volume of 219,494 shares traded. The stock had previously closed at GBX 32.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 67 price target on shares of Mercia Asset Management in a research note on Thursday, September 24th. One research analyst has rated the stock with a Buy rating. According to MarketBeat, Mercia Asset Management has an average rating of “Buy” and an average price target of GBX 67.
View Our Latest Stock Analysis on Mercia Asset Management
Mercia Asset Management Trading Down 5.5%
The company has a current ratio of 99.15, a quick ratio of 5.34 and a debt-to-equity ratio of 0.54. The company has a 50-day simple moving average of GBX 27.70 and a 200 day simple moving average of GBX 28.04. The firm has a market cap of £127.14 million, a PE ratio of -15.12 and a beta of 0.80.
Insider Buying and Selling at Mercia Asset Management
In other news, insider Martin James Glanfield purchased 104,132 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average price of GBX 26 per share, for a total transaction of £27,074.32. Also, insider Mark Andrew Payton acquired 56,083 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was purchased at an average cost of GBX 27 per share, with a total value of £15,142.41. In the last 90 days, insiders have purchased 225,892 shares of company stock worth $5,994,952. 18.62% of the stock is owned by company insiders.
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.
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