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

Mercia Asset Management (LON:MERC)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity Group in a research note issued on Tuesday, Marketbeat.com reports. They presently have a GBX 64 ($0.81) price target on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 96.32% from the company’s previous close.

Mercia Asset Management Trading Down 0.6 %

LON MERC opened at GBX 32.60 ($0.41) on Tuesday. Mercia Asset Management has a 1-year low of GBX 21 ($0.27) and a 1-year high of GBX 36 ($0.46). The company has a current ratio of 3.54, a quick ratio of 5.34 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of GBX 31.95 and a 200-day moving average of GBX 31.52. The firm has a market cap of £140.65 million, a PE ratio of -3,253.00 and a beta of 1.23.

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.