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The latest announcement is out from Mercia Asset Management ( (GB:MERC) ).
Mercia Asset Management PLC announced the purchase of 60,000 Ordinary Shares at a price of 30.00 pence each as part of its Share Buyback Programme. The company intends to cancel these shares, which will affect the total number of shares in issue and may impact shareholder calculations under the Financial Conduct Authority’s rules.
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 driven primarily by its solid financial performance, characterized by strong revenue growth and a stable balance sheet. However, the technical analysis indicates potential bearish momentum, and the high P/E ratio suggests overvaluation concerns. The absence of earnings call data and corporate events limits further insights.
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 within the financial services industry, focusing on asset management and investment activities.
Average Trading Volume: 380,098
Technical Sentiment Signal: Hold
Current Market Cap: £129.1M
See more insights into MERC stock on TipRanks’ Stock Analysis page.