Mercia Asset Management Updates Share Capital After Buyback and Treasury Transfer

Mercia Asset Management ( (GB:MERC) ) just unveiled an announcement.

Mercia Asset Management has repurchased 90,000 of its ordinary shares on AIM at 29.50 pence per share under its ongoing share buyback programme and intends to cancel these shares, while also transferring 74,380 treasury shares to satisfy employee share option exercises. Following these transactions, Mercia will have 428,514,044 ordinary shares in issue (excluding treasury) and will hold 11,791,086 shares in treasury, a change that slightly adjusts its capital structure and provides updated reference figures for shareholders monitoring their disclosure thresholds under UK transparency rules.

The most recent analyst rating on (GB:MERC) stock is a Hold with a £33.00 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 by its strong financial stability and positive corporate events, such as share buybacks and strategic board appointments. However, the high P/E ratio and mixed technical indicators suggest caution. The absence of earnings call data limits insights into future guidance.

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 listed on AIM, overseeing approximately £2.0 billion of assets under management. The Group focuses on providing private capital and related asset management services, with its shares traded on the London Stock Exchange’s AIM market.

Average Trading Volume: 383,988

Technical Sentiment Signal: Hold

Current Market Cap: £126.4M

See more insights into MERC stock on TipRanks’ Stock Analysis page.