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Mercia Asset Management ( (GB:MERC) ) has issued an announcement.
Mercia Asset Management has repurchased 100,000 of its ordinary shares on AIM as part of its ongoing share buyback programme, paying a volume-weighted average price of 29.38 pence per share and intending to cancel the shares. Following this transaction and transfers from treasury, the company will have 428,144,044 ordinary shares in issue (excluding 11,791,086 shares held in treasury), a change that affects the denominator used by shareholders for calculating disclosure thresholds under FCA transparency rules and signals continued capital management activity by the group.
The most recent analyst rating on (GB:MERC) stock is a Hold with a £33.00 price target. To see the full list of analyst forecasts on Mercia Asset Management stock, see the GB:MERC Stock Forecast page.
Spark’s Take on GB:MERC Stock
According to Spark, TipRanks’ AI Analyst, GB:MERC is a Neutral.
Mercia Asset Management’s overall stock score is driven by its strong financial stability and positive corporate events, such as share buybacks and strategic board appointments. However, the high P/E ratio and mixed technical indicators suggest caution. The absence of earnings call data limits insights into future guidance.
To see Spark’s full report on GB:MERC stock, click here.
More about Mercia Asset Management
Mercia Asset Management PLC is a regionally focused private capital asset manager listed on AIM, overseeing approximately £2.0 billion of assets under management and investing in businesses across the UK’s regions.
Average Trading Volume: 394,931
Technical Sentiment Signal: Hold
Current Market Cap: £126.4M
For detailed information about MERC stock, go to TipRanks’ Stock Analysis page.