Science Group PLC Announces Share Buyback

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

Science Group PLC announced the repurchase of 4,672 of its ordinary shares at an average price of 577.4 pence per share. This transaction represents 0.01% of the voting rights of the total ordinary shares in issue before the purchase. The repurchased shares will be held in treasury, and the total number of ordinary shares in issue, excluding treasury shares, is now 44,252,008. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.

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

Science Group PLC operates in the technology and science sectors, focusing on providing consultancy and product development services. The company is listed on the AIM market and engages in various activities to enhance its market presence and shareholder value.

Average Trading Volume: 36,694

Technical Sentiment Signal: Buy

Current Market Cap: £254.5M

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