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Mercia Asset Management ( (GB:MERC) ) has shared an announcement.
Mercia Asset Management PLC announced the purchase of 90,000 of its own ordinary shares on the London Stock Exchange as part of its Share Buyback Programme. Additionally, the company transferred 114,548 ordinary shares from treasury to satisfy employee share options. Following these transactions, the total number of ordinary shares in issue is 431,031,776, with 13,149,854 shares held in treasury. These actions are part of Mercia’s strategy to manage its share capital and provide value to shareholders.
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 primarily influenced by its solid financial performance, which is offset by bearish technical indicators and a high P/E ratio suggesting overvaluation. The lack of earnings call data and corporate events means these factors do not impact the score.
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 in the financial services industry, focusing on asset management and investment activities, primarily within the UK market.
Average Trading Volume: 533,280
Technical Sentiment Signal: Strong Buy
Current Market Cap: £135.8M
For an in-depth examination of MERC stock, go to TipRanks’ Overview page.