Science Group Tightens Share Count with Treasury Buyback

Science ( (GB:SAG) ) has shared an announcement.

Science Group plc has repurchased 17,500 of its 1 pence ordinary shares at an average price of 535.5 pence per share, with all trades executed through Panmure Liberum Limited. The transaction represents approximately 0.04% of the company’s prior voting rights and the repurchased shares will be held in treasury, modestly increasing treasury holdings and adjusting the total voting share count used for regulatory disclosure thresholds.

Following this buyback, Science Group now has 42,731,812 ordinary shares in issue excluding 3,454,062 shares held in treasury. The updated share capital structure provides investors with a new denominator for calculating notifiable interests under the FCA’s Disclosure Guidance and Transparency Rules, reflecting the company’s ongoing capital management activities.

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 is a U.K.-listed company on AIM, operating in the science and technology consulting and services sector. It provides specialist expertise and solutions to industrial and commercial clients, with its shares traded under the ticker SAG in the London market.

Average Trading Volume: 53,055

Technical Sentiment Signal: Buy

Current Market Cap: £228.7M

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