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Mercia Asset Management ( (GB:MERC) ) just unveiled an update.
Mercia Asset Management PLC has executed a share buyback transaction, purchasing 66,000 of its own ordinary shares at a price of 29.00 pence each on the London Stock Exchange. This move is part of a previously announced Share Buyback Programme, and the company intends to cancel the shares, affecting the total number of shares in circulation, which stakeholders can use for regulatory calculations.
The most recent analyst rating on (GB:MERC) stock is a Hold with a £32.00 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 primarily by its solid financial performance, characterized by strong revenue growth and a stable balance sheet. However, the technical analysis indicates potential bearish momentum, and the high P/E ratio suggests overvaluation concerns. The absence of earnings call data and corporate events limits further insights.
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 primarily operates in the financial services industry, focusing on asset management and investment activities, and is listed on the London Stock Exchange’s AIM market.
Average Trading Volume: 324,383
Technical Sentiment Signal: Hold
Current Market Cap: £126.9M
See more data about MERC stock on TipRanks’ Stock Analysis page.