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

Canaccord Genuity Group reissued their buy rating on shares of Merit Group (LON:MRIT) in a research report released on Wednesday morning, Marketbeat.com reports. Canaccord Genuity Group currently has a GBX 105 ($1.35) price target on the stock.

Merit Group Price Performance

Shares of MRIT stock opened at GBX 35 ($0.45) on Wednesday. Merit Group has a twelve month low of GBX 35 ($0.45) and a twelve month high of GBX 90 ($1.16). The company has a market capitalization of £8.39 million, a PE ratio of 1,875.00 and a beta of 0.18. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 14.17. The firm has a fifty day simple moving average of GBX 55.46 and a 200-day simple moving average of GBX 68.20.

About Merit Group

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.