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Mercia Asset Management ( (GB:MERC) ) just unveiled an announcement.
Mercia Asset Management PLC announced the purchase of 70,000 Ordinary Shares at a price of 33 pence each as part of its ongoing Share Buyback Programme. Additionally, the company transferred 20,004 Ordinary Shares from treasury to fulfill employee share options. Following these transactions, the total number of Ordinary Shares in issue is 431,222,067, excluding treasury shares, with 12,411,063 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 Buy with a £67.00 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. The company operates primarily in the financial services industry, focusing on asset management and investment services.
Average Trading Volume: 465,455
Technical Sentiment Signal: Buy
Current Market Cap: £142.3M
For an in-depth examination of MERC stock, go to TipRanks’ Overview page.