Mercia Asset Management Cancels 90,000 Shares After Latest Buyback on AIM

Mercia Asset Management ( (GB:MERC) ) has shared an announcement.

Mercia Asset Management PLC has repurchased 90,000 of its Ordinary shares on AIM at 29.50 pence per share as part of its ongoing share buyback programme, and intends to cancel the shares. Following this transaction and a transfer from treasury, the company will have 428,244,044 Ordinary shares in issue (excluding 11,791,086 shares held in treasury), a change that alters the denominator used by shareholders for calculating disclosure thresholds under UK transparency rules and reflects the company’s continued use of buybacks to manage its capital structure.

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, operating on the London Stock Exchange’s AIM market. The Group manages and deploys private capital across UK regions, providing investment and asset management services to a diversified base of stakeholders.

Average Trading Volume: 392,766

Technical Sentiment Signal: Hold

Current Market Cap: £126.4M

See more insights into MERC stock on TipRanks’ Stock Analysis page.