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Science ( (GB:SAG) ) just unveiled an update.
Science Group PLC has announced the sale of a significant portion of its shares in Ricardo plc to WSP Group Limited, resulting in a substantial profit. The transaction will generate approximately £53.5 million in cash proceeds, which Science Group plans to use for future strategic investments. The sale supports WSP’s offer for Ricardo, providing a 102% premium over Ricardo’s previous share price, benefiting all shareholders involved.
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 PLC demonstrates strong financial performance and favorable valuation metrics. Technical indicators suggest bullish momentum, though caution is advised due to overbought signals. Active corporate engagement shows strategic intent but also raises concerns due to negative sentiment surrounding Ricardo.
To see Spark’s full report on GB:SAG stock, click here.
More about Science
Science Group PLC operates in the investment and strategic management industry, focusing on acquiring and managing stakes in various companies to enhance their market positioning and financial performance.
Average Trading Volume: 25,950
Technical Sentiment Signal: Strong Buy
Current Market Cap: £207.1M
See more insights into SAG stock on TipRanks’ Stock Analysis page.