Mercia Asset Management Executes Share Buyback and Treasury Share Transfer

Mercia Asset Management ( (GB:MERC) ) has issued an update.

Mercia Asset Management PLC has executed a share buyback transaction, purchasing 80,000 ordinary shares at a price of 32.80 pence each on the London Stock Exchange as part of its Share Buyback Programme. Additionally, the company transferred 13,332 treasury shares to satisfy employee share options. Following these transactions, the total number of ordinary shares in issue is 430,933,349, excluding treasury shares, which now total 15,211,174. This activity is part of Mercia’s ongoing efforts to manage its share capital and provide value to its stakeholders.

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 Neutral.

Mercia Asset Management’s overall score reflects a strong balance sheet and positive corporate developments, but is weighed down by significant challenges in financial performance, especially declining revenues and profitability. Technical indicators show bearish trends, and valuation is impacted by negative earnings. However, positive corporate events and a decent dividend yield provide some balance.

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 within the financial services industry, focusing on asset management and investment services.

Average Trading Volume: 337,785

Technical Sentiment Signal: Strong Buy

Current Market Cap: £139.7M

For a thorough assessment of MERC stock, go to TipRanks’ Stock Analysis page.