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Science Group Buys Back Shares, Updates Voting Capital and Treasury Position

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Science Group Buys Back Shares, Updates Voting Capital and Treasury Position

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An announcement from Science ( (GB:SAG) ) is now available.

Science Group plc has repurchased 17,500 of its 1 pence ordinary shares at an average price of 550 pence per share, representing around 0.04% of the company’s voting rights prior to the transaction. The shares, acquired via Panmure Liberum Limited, will be held in treasury, leaving 43,072,142 ordinary shares in issue excluding treasury holdings and 3,113,732 shares held in treasury overall, a figure that shareholders can use in calculating disclosure thresholds under the FCA’s transparency rules.

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 is a UK-listed company on AIM that operates in the science and technology sector, providing research, advisory and product development services and solutions to a range of industrial and commercial clients. The company’s shares trade under the ticker SAG and it actively manages its capital structure through share buyback programmes and the use of treasury shares.

Average Trading Volume: 63,331

Technical Sentiment Signal: Buy

Current Market Cap: £235.9M

For detailed information about SAG stock, go to TipRanks’ Stock Analysis page.

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