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Science ( (GB:SAG) ) has issued an announcement.
Science Group PLC announced the repurchase of 15,000 of its ordinary shares at a consistent price of 525.0 pence per share, representing 0.03% of the voting rights. This transaction, executed through Panmure Liberum Limited, is part of the company’s buyback program, and the shares will be held in treasury. The total number of shares in issue, excluding treasury shares, is now 44,478,855. This move could potentially impact shareholder calculations under the FCA’s rules, indicating a strategic financial maneuver to manage the company’s share capital.
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.
The overall stock score is driven by strong financial performance and positive corporate events. However, technical analysis indicates potential risks with an overbought RSI, and valuation metrics suggest the stock is fairly priced. Risks related to the performance of Ricardo, a significant investment, should be monitored.
To see Spark’s full report on GB:SAG stock, click here.
More about Science
Science Group PLC operates in the technology and consultancy industry, focusing on providing scientific and engineering solutions. The company is known for its expertise in product development and advisory services, catering to a diverse range of sectors including healthcare, consumer, and industrial markets.
Average Trading Volume: 28,217
Technical Sentiment Signal: Buy
Current Market Cap: £232.5M
Learn more about SAG stock on TipRanks’ Stock Analysis page.