Merit Group (LON:MRIT) Given “Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Merit Group (LON:MRIT) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. They currently have a GBX 105 ($1.35) target price on the stock.

Merit Group Stock Performance

LON:MRIT opened at GBX 35 ($0.45) on Wednesday. The company has a market cap of £8.39 million, a P/E ratio of 1,875.00 and a beta of 0.18. The firm’s 50 day moving average is GBX 55.46 and its two-hundred day moving average is GBX 68.20. Merit Group has a fifty-two week low of GBX 35 ($0.45) and a fifty-two week high of GBX 90 ($1.16). The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 14.17.

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.