Science Group Buys Back Shares, Adjusts Voting Capital Base

Science ( (GB:SAG) ) has issued an update.

Science Group plc has repurchased 14,500 of its 1 pence ordinary shares at an average price of 550 pence per share, representing 0.03% of the company’s voting rights prior to the transaction, with all purchases executed via Panmure Liberum Limited and the shares to be held in treasury. Following this buyback, the company now has 42,963,292 ordinary shares in issue excluding 3,222,582 treasury shares, a figure that will serve as the reference denominator for shareholders’ disclosure calculations under FCA transparency rules, reflecting ongoing active management of the company’s capital structure.

The most recent analyst rating on (GB:SAG) stock is a Buy with a £621.00 price target. To see the full list of analyst forecasts on Science stock, see the GB:SAG Stock Forecast page.

Spark’s Take on GB:SAG Stock

According to Spark, TipRanks’ AI Analyst, GB:SAG is a Outperform.

Science Group’s strong financial performance and strategic corporate actions, such as share buybacks, are the most significant factors contributing to its score. The stock’s undervaluation and solid dividend yield further enhance its attractiveness. However, technical indicators suggest caution in the short term.

To see Spark’s full report on GB:SAG stock, click here.

More about Science

Science Group plc, listed on London’s AIM market under the ticker SAG, operates as a diversified science and technology business. The company’s activities involve providing expertise and services across specialist markets, supported by a capital allocation strategy that includes active management of its share capital through treasury holdings and buyback programmes.

Average Trading Volume: 63,251

Technical Sentiment Signal: Buy

Current Market Cap: £238.7M

Find detailed analytics on SAG stock on TipRanks’ Stock Analysis page.