Mercia Technologies (MERC) Stock Rating Reaffirmed by Canaccord Genuity
Mercia Technologies (LON:MERC)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity in a research note issued to investors on Wednesday. They presently have a GBX 53 ($0.71) price target on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 48.13% from the stock’s previous close.
Mercia Technologies (MERC) traded up GBX 1.28 ($0.02) during trading on Wednesday, reaching GBX 35.78 ($0.48). The company’s stock had a trading volume of 78,099 shares, compared to its average volume of 65,749. Mercia Technologies has a twelve month low of GBX 31 ($0.42) and a twelve month high of GBX 51.03 ($0.69).
Mercia Technologies Company Profile
Mercia Technologies PLC is a national investment company. The Company is also engaged in the technology transfer business. The Company’s investment objective is to generate capital growth for shareholders in the creation, funding, incubation and development of technology businesses with an emphasis on the Midlands and the North of the United Kingdom.
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