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Mercia Asset Management ( (GB:MERC) ) has issued an update.
Mercia Asset Management PLC has transferred 500,100 ordinary shares from treasury to fulfill employee share options, adjusting its issued share capital to 431,468,046 ordinary shares with voting rights. This move impacts shareholders’ calculations for notifying changes in their interest in the company.
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 solid financial performance is the most significant factor, supported by strong revenue growth and a stable balance sheet. However, technical indicators suggest a bearish trend, and the high P/E ratio indicates overvaluation, which negatively impacts the overall 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.
Average Trading Volume: 523,274
Technical Sentiment Signal: Strong Buy
Current Market Cap: £137.9M
Learn more about MERC stock on TipRanks’ Stock Analysis page.