Merit Group’s (MRIT) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Merit Group (LON:MRIT) in a research report released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 105 ($1.32) price objective on the stock.

Merit Group Stock Performance

Merit Group stock opened at GBX 37.50 ($0.47) on Wednesday. The stock has a 50-day moving average price of GBX 54.26 and a 200 day moving average price of GBX 67.82. The company has a market capitalization of £8.99 million, a price-to-earnings ratio of 1,875.00 and a beta of 0.18. Merit Group has a 52 week low of GBX 35 ($0.44) and a 52 week high of GBX 90 ($1.13). 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.