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Mercia Asset Management ( (GB:MERC) ) has shared an update.
Mercia Asset Management PLC has executed a share buyback transaction, purchasing 45,000 ordinary shares at a price of 32.00 pence each, as part of its ongoing Share Buyback Programme. This move, which involves canceling the shares, reduces the total number of shares in circulation to 431,308,963, potentially impacting shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:MERC) stock is a Buy with a £64.00 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 Outperform.
Mercia Asset Management’s strong financial stability and positive technical indicators are key strengths. However, the high P/E ratio suggests potential overvaluation. Recent corporate actions, such as share buybacks, further enhance the stock’s attractiveness.
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 in assets under management. The company operates in the financial services industry, focusing on asset management and investment services, primarily trading on the London Stock Exchange’s AIM market.
Average Trading Volume: 515,789
Technical Sentiment Signal: Strong Buy
Current Market Cap: £140.2M
For a thorough assessment of MERC stock, go to TipRanks’ Stock Analysis page.