Mercia Asset Management PLC 49.2% potential upside indicated by Canaccord Genuity

Mercia Asset Management PLC with ticker (LON:MERC) now has a potential upside of 49.2% according to Canaccord Genuity.



Canaccord Genuity set a target price of 62 GBX for the company, which when compared to the Mercia Asset Management PLC share price of 32 GBX at opening today (27/01/2023) indicates a potential upside of 49.2%. Trading has ranged between 23 (52 week low) and 38 (52 week high) with an average of 402,316 shares exchanging hands daily. The market capitalisation at the time of writing is £140,394,992.

Mercia Asset Management PLC is a specialist asset manager focused on supporting regional small and medium enterprises (SMEs). The Company provides capital across its four asset classes of venture, private equity, debt and capital. It develops businesses via its third-party funds under management, then over time it can provide further funding to the companies, by deploying direct investment follow-on capital. It invests in Life Sciences, Digital Entertainment, Software, Hard Tech, Deep Tech and tech-enabled businesses. The Company’s funds include NPIF – Mercia Equity Finance, NPIF – Mercia Debt Finance, Northern VCTs, Mercia EIS Funds, EV Growth II, Mercia SME loans, North East Venture Fund, MEIF – Mercia Proof-of-Concept, Mercia fund 1, Finance Yorkshire Business Loans, Finance Yorkshire Seedcorn Finance, Rising Stars Growth Fund, The North West Fund 4 Mezzanine and The North West Fund 4 Venture Capital.