Canaccord Genuity Group Reaffirms “Buy” Rating for Merit Group (LON:MRIT)

Merit Group (LON:MRIT)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a research note issued on Wednesday, Marketbeat Ratings reports. They presently have a GBX 105 ($1.35) price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 180.00% from the company’s current price.

Merit Group Stock Performance

Shares of LON:MRIT opened at GBX 37.50 ($0.48) on Wednesday. The stock has a market capitalization of £8.99 million, a price-to-earnings ratio of 1,875.00 and a beta of 0.18. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.48 and a current ratio of 0.57. The company has a 50 day moving average price of GBX 54.86 and a 200 day moving average price of GBX 68.04. Merit Group has a 1-year low of GBX 35 ($0.45) and a 1-year high of GBX 90 ($1.16).

Merit Group Company Profile

Merit Group plc gathers, organizes, and enriches data that informs b2b intelligence brands in the United Kingdom, Belgium, the United States, France, Germany, and internationally. It operates in two segments, Merit Data & Technology and Dods. The company offers data, data engineering, and machine learning, as well as software and technology resourcing services.