Science Group Increases Stake in Ricardo, Calls for Leadership Change

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

Science Group PLC has increased its investment in Ricardo plc to 21.8% of the voting rights, following concerns over Ricardo’s poor performance and governance issues. The company has called for a general meeting to vote on the removal of Ricardo’s Chairman, aiming to initiate changes that align with shareholder interests and improve Ricardo’s performance.

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 PLC exhibits strong financial performance and strategic corporate actions, positioning it well within the consulting services industry. Technical indicators show positive momentum, although caution is advised due to the potential for overbought conditions. Valuation metrics are favorable, and recent corporate events reinforce market confidence.

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

More about Science

Science Group PLC operates in the technology and engineering consulting industry, focusing on providing strategic advisory and product development services. The company is known for its expertise in science and technology sectors, aiming to enhance business performance and innovation for its clients.

Average Trading Volume: 23,728

Technical Sentiment Signal: Strong Buy

Current Market Cap: £207.1M

See more insights into SAG stock on TipRanks’ Stock Analysis page.