Mercia Asset Management PLC with ticker (LON:MERC) now has a potential upside of 28.8% according to Canaccord Genuity.
Canaccord Genuity set a target price of 52 GBX for the company, which when compared to the Mercia Asset Management PLC share price of 37 GBX at opening today (09/12/2021) indicates a potential upside of 28.8%. Trading has ranged between 23 (52 week low) and 44 (52 week high) with an average of 131,175 shares exchanging hands daily. The market capitalisation at the time of writing is £162,840,589.
Mercia Asset Management PLC, formerly Mercia Technologies PLC, is a specialist asset manager focused on small and medium enterprises (SMEs) in the United Kingdom’s regions. The Company provides venture, private equity and debt for the enterprises. The Company invests in various sectors including in digital and entertainment; electronics, materials, manufacturing/engineering; software and the Internet sectors. The Company’s funds include North East Venture Fund, MEIF- Mercia Proof-of-Concept, NPIF- Mercia Equity Finance, Mercia EIS Funds, EV Growth II, EV SME Loan, Mercia fund 1 and Finance Yorkshire Seedcorn Fund. The Company’s portfolio consists of over 400 companies.
Mercia Asset Management PLC 28.8% potential upside indicated by Canaccord Genuity
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- Written by: Anthony Fox
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