Science Group PLC Executes Share Buyback Program

Science ( (GB:SAG) ) just unveiled an announcement.

Science Group PLC has announced the repurchase of 12,500 of its ordinary shares at an average price of 577.0 pence per share, representing 0.03% of the voting rights before the transaction. The shares will be held in treasury, and the total number of ordinary shares in issue, excluding treasury shares, is now 44,279,180. This move is part of the company’s buyback program, which may impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency 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 consulting industry, focusing on providing scientific and engineering services to various sectors. The company is listed on the AIM market and engages in activities that enhance technological advancements and innovation.

Average Trading Volume: 34,729

Technical Sentiment Signal: Buy

Current Market Cap: £254.7M

For detailed information about SAG stock, go to TipRanks’ Stock Analysis page.