Science Group Executes Share Buyback to Optimize Capital Structure

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

Science Group plc, a company listed on AIM, has executed a share buyback, purchasing 10,000 of its ordinary shares at a consistent price of 577.0 pence each. This transaction, which represents 0.02% of the company’s voting rights, is part of a strategy to manage its capital structure and potentially enhance shareholder value by holding these shares in treasury. The total number of shares in issue, excluding those held in treasury, now stands at 44,256,680, which is relevant for shareholders in calculating their interests under regulatory guidelines.

The most recent analyst rating on (GB:SAG) stock is a Buy with a £620.00 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 events are the primary drivers of its high stock score. Despite technical indicators suggesting a potential short-term pullback, the company’s robust cash position and strategic investments provide a solid foundation for future growth. Valuation concerns due to an unusually high dividend yield slightly temper the overall score.

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

More about Science

Average Trading Volume: 35,473

Technical Sentiment Signal: Buy

Current Market Cap: £254.6M

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