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Science Group Executes Share Buyback Program

Story Highlights
  • Science Group PLC repurchased 15,000 ordinary shares at an average price of 546.5 pence each, representing 0.03% of prior voting rights.
  • Following the buyback, the company holds 43,152,642 shares in issue excluding treasury, aiding shareholder disclosure processes.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Science Group Executes Share Buyback Program

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Science ( (GB:SAG) ) just unveiled an update.

Science Group PLC announced the repurchase of 15,000 of its ordinary shares at an average price of 546.5 pence per share, constituting approximately 0.03% of the voting rights prior to the transaction. This purchase, conducted through Panmure Liberum Limited, reflects the company’s ongoing buyback program, with the repurchased shares to be held in treasury. Following this transaction, the company has 43,152,642 ordinary shares in issue, not including treasury shares. The move aligns with regulatory requirements and provides updated information for shareholders concerning their disclosure obligations.

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 operates in the consulting and technology field, offering expertise and solutions across various industries. The company is listed on the AIM market under the ticker SAG and focuses on engineering and innovation-driven services and products.

Average Trading Volume: 108,554

Technical Sentiment Signal: Buy

Current Market Cap: £236.4M

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

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