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Mercia Asset Management ( (GB:MERC) ) has issued an update.
Mercia Asset Management PLC has executed a share buyback transaction, purchasing 21,000 of its own ordinary shares at a price of 29.50 pence each. This move is part of a previously announced Share Buyback Programme, and the company intends to cancel these shares, impacting the total number of shares in circulation. The transaction is expected to influence shareholder calculations regarding their interests in the company’s share capital.
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 is listed on the AIM market of the London Stock Exchange and focuses on managing private capital investments.
Average Trading Volume: 333,523
Technical Sentiment Signal: Sell
Current Market Cap: £126.8M
For an in-depth examination of MERC stock, go to TipRanks’ Overview page.