Mercia Asset Management Buys Back and Cancels 80,000 Shares Under Ongoing Programme

Mercia Asset Management ( (GB:MERC) ) just unveiled an announcement.

Mercia Asset Management has repurchased 80,000 ordinary shares on AIM as part of its ongoing share buyback programme, paying a volume-weighted average price of 29.25 pence per share. The company intends to cancel the repurchased shares, leaving 428,064,044 ordinary shares in issue (excluding 11,791,086 held in treasury), a move that marginally reduces the free float and may enhance earnings per share while providing shareholders with an updated denominator for regulatory disclosure calculations under FCA rules.

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 is a regionally focused private capital asset manager listed on AIM, managing approximately £2.0 billion of assets under management. The group deploys and manages capital across private market investments, serving investors seeking exposure to regional growth companies in the UK.

Average Trading Volume: 364,775

Technical Sentiment Signal: Hold

Current Market Cap: £126.3M

For detailed information about MERC stock, go to TipRanks’ Stock Analysis page.