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Mercia Asset Management ( (GB:MERC) ) has shared an update.
Mercia Asset Management PLC has executed a share buyback program, purchasing 83,000 ordinary shares at a price of 31 pence each on the London Stock Exchange. Additionally, the company transferred 36,670 ordinary shares from treasury to fulfill employee share options, impacting the total number of shares in issue and potentially affecting shareholder calculations under regulatory guidelines.
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 primarily in the asset management industry, focusing on managing private capital investments.
Average Trading Volume: 521,236
Technical Sentiment Signal: Strong Buy
Current Market Cap: £137.9M
See more data about MERC stock on TipRanks’ Stock Analysis page.