Science Group (LON:SAG) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Science Group plc shares have surpassed their 200-day moving average, trading at GBX 556.55 ($7.51), with a significant intraday high of GBX 560 ($7.56).
• Wall Street analysts are optimistic about the company, with Canaccord Genuity reaffirming a "buy" rating and setting a target price of GBX 758.
• The company reported earnings of GBX 19.30 per share in its latest quarterly results, with sell-side analysts expecting an average EPS of 27.3 for the current year.

Science Group plc (LON:SAG - Get Free Report) 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 traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 758 price target on shares of Science Group in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of GBX 758.

Science Group Price Performance

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

Science Group (LON:SAG - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported GBX 19.30 EPS for the quarter. Science Group had a net margin of 5.44% and a return on equity of 7.43%. Equities research analysts forecast 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.