Canaccord Genuity Group reiterated their buy rating on shares of Mercia Asset Management (LON:MERC - Free Report) in a research report sent to investors on Wednesday morning, MarketBeat.com reports. Canaccord Genuity Group currently has a GBX 64 ($0.85) price target on the stock.
Mercia Asset Management Price Performance
LON:MERC traded up GBX 1 ($0.01) during trading hours on Wednesday, hitting GBX 30 ($0.40). The company's stock had a trading volume of 703,338 shares, compared to its average volume of 717,019. Mercia Asset Management has a 52-week low of GBX 22 ($0.29) and a 52-week high of GBX 37 ($0.49). The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.34 and a current ratio of 4.41. The company has a market capitalization of £131.94 million, a PE ratio of 0.31 and a beta of 1.20. The business's 50-day moving average is GBX 25.75 and its two-hundred day moving average is GBX 28.14.
Insider Activity at Mercia Asset Management
In related news, insider Martin James Glanfield purchased 129,624 shares of the business's stock in a transaction on Monday, February 3rd. The shares were bought at an average price of GBX 27 ($0.36) per share, with a total value of £34,998.48 ($46,552.91). 27.11% of the stock is owned by corporate insiders.
Mercia Asset Management Company Profile
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Mercia is a proactive, specialist asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of balance sheet, venture, private equity and debt capital; the Group's 'Complete Capital Solution'. The Group initially nurtures businesses via its third-party funds under management then, over time, Mercia can provide further funding to the most promising companies by deploying direct investment follow-on capital from its own balance sheet.
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