Science Group (LON:SAG) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Science Group plc shares have recently crossed above the 200-day moving average, trading as high as GBX 560 ($7.56), which may indicate positive momentum for the stock.
• According to Canaccord Genuity Group, the stock has a target price of GBX 758 and currently holds an average rating of "Buy" from analysts.
• The company reported earnings of GBX 19.30 per share (EPS) for the last quarter, with analysts projecting EPS of approximately 27.30 for the current year.

Science Group plc (LON:SAG - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 479.89 ($6.45) and traded as high as GBX 560 ($7.53). Science Group shares last traded at GBX 556.55 ($7.48), with a volume of 465,731 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 758 target price on shares of Science Group in a research report on Wednesday, May 21st. One analyst has rated the stock with a Buy rating, According to MarketBeat, Science Group presently has a consensus rating of "Buy" and a consensus price target of GBX 758.

Science Group Stock Performance

The firm's 50 day simple moving average is GBX 550.31 and its 200-day simple moving average is GBX 482.09. The company has a debt-to-equity ratio of 19.36, a quick ratio of 1.56 and a current ratio of 2.01. The company has a market capitalization of £246.65 million, a price-to-earnings ratio of 826.45 and a beta of 0.46.

Science Group (LON:SAG - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported GBX 19.30 earnings per share (EPS) for the quarter. Science Group had a net margin of 5.44% and a return on equity of 7.43%. Analysts expect that Science Group plc will post 27.3000005 EPS for the current year.

Science Group Company Profile

Science Group plc, a science, engineering, and technology business company, provides consultancy services in the United Kingdom, rest of Europe, North America, Asia, and internationally. The company operates through three segments: Services Operating Business, Product Operating Business, and Freehold Properties.