Science Group PLC Executes Share Buyback to Enhance Equity Structure

The latest announcement is out from Science ( (GB:SAG) ).

Science Group PLC announced the repurchase of 17,500 of its ordinary shares at a consistent price of 550.875 pence per share, representing 0.04% of the voting rights. This transaction, executed through Panmure Liberum Limited, is part of the company’s buyback program and results in a total of 44,102,642 ordinary shares in issue, excluding treasury shares. The move is likely aimed at consolidating the company’s share capital and potentially enhancing shareholder value, reflecting a strategic decision to manage its equity structure.

The most recent analyst rating on (GB:SAG) stock is a Buy with a £616.00 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 company’s strong financial performance is the most significant factor, driven by robust revenue and profit growth, efficient cost management, and solid cash flow generation. The technical analysis indicates some short-term bearish momentum, while the valuation suggests the stock may be undervalued. The absence of earnings call data and corporate events means these factors do not influence the 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, providing a range of services and products focused on scientific and engineering solutions. The company is known for its market focus on innovation and development within various sectors, leveraging its expertise to enhance operational efficiencies and technological advancements.

Average Trading Volume: 142,363

Technical Sentiment Signal: Buy

Current Market Cap: £242.7M

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