Key Points
- Insider purchase: Martin James Glanfield bought 104,132 Mercia Asset Management shares at GBX 26 each, for a total investment of approximately £27,074.
- Stock performance and financials: Shares opened at GBX 26.52, below their 50-day and 200-day moving averages, while the company reported negative quarterly EPS of GBX 2 and a negative net margin.
- Analyst outlook: Canaccord Genuity reaffirmed a “Buy” rating with a GBX 67 price target; MarketBeat reports an average “Buy” rating and the same target price.
Mercia Asset Management PLC (LON:MERC - Get Free Report) insider Martin James Glanfield purchased 104,132 shares of the stock in a transaction dated Thursday, August 20th. The stock was purchased at an average price of GBX 26 per share, with a total value of £27,074.32.
Mercia Asset Management Stock Performance
Shares of MERC opened at GBX 26.52 on Friday. The business's fifty day moving average price is GBX 27.17 and its 200 day moving average price is GBX 28.14. Mercia Asset Management PLC has a 12-month low of GBX 25.12 and a 12-month high of GBX 34. The stock has a market capitalization of £111.83 million, a PE ratio of -13.26 and a beta of 0.76. The company has a debt-to-equity ratio of 0.54, a current ratio of 99.15 and a quick ratio of 5.34.
Mercia Asset Management (LON:MERC - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported GBX (2) EPS for the quarter. Mercia Asset Management had a negative return on equity of 4.78% and a negative net margin of 25.23%. Equities research analysts forecast that Mercia Asset Management PLC will post 0.9368771 EPS for the current year.
Analyst Ratings Changes
Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 67 price target on shares of Mercia Asset Management in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Mercia Asset Management currently has an average rating of "Buy" and an average target price of GBX 67.
Get Our Latest Research Report on Mercia Asset Management
Mercia Asset Management Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
