Mercia Asset Management (LON:MERC) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Mercia Asset Management (LON:MERC) had its price objective upped by Canaccord Genuity Group from GBX 64 ($0.88) to GBX 67 ($0.92) in a research note released on Tuesday, Marketbeat reports. The firm currently has a buy rating on the stock.

Mercia Asset Management Trading Up 7.9%

Mercia Asset Management stock opened at GBX 34 ($0.47) on Tuesday. Mercia Asset Management has a 1 year low of GBX 22 ($0.30) and a 1 year high of GBX 37 ($0.51). The firm’s 50 day moving average price is GBX 29.25 and its 200-day moving average price is GBX 27.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.41 and a quick ratio of 5.34. The stock has a market cap of £149.53 million, a P/E ratio of 0.35 and a beta of 1.20.

Mercia Asset Management (LON:MERC) last posted its earnings results on Tuesday, July 1st. The company reported GBX 0.80 ($0.01) earnings per share for the quarter. Mercia Asset Management had a net margin of 1,438.02% and a return on equity of 223.48%. On average, equities analysts predict that Mercia Asset Management will post 0.9368771 earnings per share for the current fiscal year.

About Mercia Asset Management

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.