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Science Group set for more value creating M&A - broker

Science Group shares rose 2.54p or 1.05% in Friday morning’s deals.

Science Group PLC - Science Group set for more value creating M&A - broker

Organic growth, acquisitions and cashflow make Science Group PLC (LON:SAG) a ‘buy’, according to broker Liberum, which with a 290p price target sees around 18% upside to the current price.

Initiating the broker’s coverage of the consultancy firm, Liberum analyst Janardan Menon highlighted expectations for more value creating M&A.

The analyst added that management’s ability to rapidly turnaround the acquired Frontier business during the first half of 2020, amidst the pandemic, raises confidence in the company’s M&A capabilities.

“Science Group combines the organic growth and cash flows of its consulting business with internally funded M&A, to deliver strong earnings growth and share price outperformance,” Menon said in a note.

“Having weathered the COVID-19 storm well, we forecast the core R&D and regulatory consulting businesses to show steady growth in future years.

“We also expect the company to engage in more value creating M&A deals, both within consulting and elsewhere.”

Science Group shares rose 2.54p or 1.05% in Friday morning’s deals.

Quick facts: Science Group PLC

Price: 243 GBX

AIM:SAG
Market: AIM
Market Cap: £101.13 m
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