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Mercia Asset Management ( (GB:MERC) ) has shared an announcement.
Mercia Asset Management PLC has executed a share buyback, purchasing 90,000 ordinary shares at a price of 31 pence each, as part of its ongoing Share Buyback Programme. This transaction, conducted on the London Stock Exchange, aims to reduce the number of shares in circulation, potentially enhancing shareholder value and adjusting the company’s capital structure.
The most recent analyst rating on (GB:MERC) stock is a Buy with a £67.00 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 of assets under management. The company operates within the financial services industry and is listed on the AIM market of the London Stock Exchange.
Average Trading Volume: 380,490
Technical Sentiment Signal: Buy
Current Market Cap: £131.9M
For a thorough assessment of MERC stock, go to TipRanks’ Stock Analysis page.