Science Group Conducts Modest Share Buyback, Updates Share Capital

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

Science Group plc has executed a small share buyback, repurchasing 10,000 ordinary shares at an average price of 572 pence per share through Panmure Liberum Limited. The transaction represents 0.02% of the company’s voting rights and the repurchased shares will be held in treasury, slightly increasing the proportion of capital held off-market.

Following this transaction, Science Group now has 41,214,101 ordinary shares in issue excluding treasury, while holding 4,971,773 shares in treasury. The updated share count provides investors with a new denominator for calculating disclosure thresholds under the FCA’s transparency rules, and reflects the company’s ongoing use of buybacks as a capital management tool.

The most recent analyst rating on (GB:SAG) stock is a Buy with a £758.00 price target. To see the full list of analyst forecasts on Science stock, see the GB:SAG Stock Forecast page.

Spark’s Take on SAG Stock

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

The score is driven mainly by solid financial performance (strong profitability and conservative balance sheet) and attractive valuation (low P/E). These positives are partly offset by weak technicals (price below key moving averages with negative MACD), while recent buyback-related corporate events provide a modest additional tailwind.

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

More about Science

Science Group plc is a UK-listed company on AIM that operates in the technology and science services sector. The group provides consultancy, advisory and related technical services, with its shares actively traded and subject to UK financial market disclosure and transparency rules.

Average Trading Volume: 84,669

Technical Sentiment Signal: Buy

Current Market Cap: £228.8M

See more data about SAG stock on TipRanks’ Stock Analysis page.