Science Group PLC Executes Share Buyback Program

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

Science Group PLC announced the repurchase of 14,340 of its ordinary shares at a price of 557.5 pence each, representing 0.03% of the voting rights. This transaction, executed through Panmure Liberum Limited, is part of the company’s buyback program and will see the shares held in treasury. The move impacts the total number of shares in issue, which now stands at 44,330,386 excluding treasury shares, and provides a new denominator for shareholders under the FCA’s rules.

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 consultancy industry, focusing on providing scientific and engineering services. The company is known for its expertise in delivering innovative solutions and technical consultancy to a diverse range of sectors.

Average Trading Volume: 31,497

Technical Sentiment Signal: Buy

Current Market Cap: £251.7M

For a thorough assessment of SAG stock, go to TipRanks’ Stock Analysis page.