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Mercia Asset Management ( (GB:MERC) ) has issued an update.
Mercia Asset Management has repurchased 75,000 of its own ordinary shares on AIM at 27 pence per share as part of its ongoing share buyback programme, and intends to cancel the newly acquired shares. Following this transaction and transfers from treasury, the company will have 427,021,044 ordinary shares in issue (excluding 11,791,086 shares held in treasury), a revised share capital base that will be used by investors for regulatory disclosure thresholds and that marginally enhances earnings per share for existing shareholders.
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 with approximately £2.0 billion of assets under management, investing in and managing private capital across the UK through its London AIM-quoted vehicle.
Average Trading Volume: 382,248
Technical Sentiment Signal: Strong Sell
Current Market Cap: £116.2M
Learn more about MERC stock on TipRanks’ Stock Analysis page.