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Science Group Tightens Free Float with Targeted Share Buyback

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Science Group Tightens Free Float with Targeted Share Buyback

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An announcement from Science ( (GB:SAG) ) is now available.

Science Group plc has repurchased 5,000 of its own 1 pence ordinary shares at an average price of 550 pence per share, with all trades executed via Panmure Liberum Limited and the shares to be held in treasury. The transaction represents approximately 0.01% of the company’s voting rights prior to the buyback and leaves 42,995,292 ordinary shares in issue excluding treasury holdings, with 3,190,582 shares now held in treasury; shareholders are advised to use the updated share count as the reference figure for disclosure obligations under the FCA’s transparency rules, reflecting an incremental tightening of the company’s free float and potential capital management intentions.

The most recent analyst rating on (GB:SAG) stock is a Buy with a £621.00 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 actions, such as share buybacks, are the most significant factors contributing to its score. The stock’s undervaluation and solid dividend yield further enhance its attractiveness. However, technical indicators suggest caution in the short term.

To see Spark’s full report on GB:SAG stock, click here.

More about Science

Science Group plc, listed on London’s AIM market under the ticker SAG, operates as a diversified science and technology services company, providing consultancy and product development support to clients across regulated and technology-intensive industries.

Average Trading Volume: 62,901

Technical Sentiment Signal: Strong Buy

Current Market Cap: £238.7M

Learn more about SAG stock on TipRanks’ Stock Analysis page.

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