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The latest announcement is out from Balfour Beatty ( (GB:BBY) ).
Balfour Beatty has announced a recent transaction in its share buyback program, purchasing 199,134 ordinary shares at prices ranging from 585.5 to 595 pence. These shares will be held in treasury, reducing the number of shares in issue to 497,739,572. This move is part of a larger buyback initiative that has seen the repurchase of over 19 million shares, indicating a strategic effort to consolidate ownership and potentially enhance shareholder value.
The most recent analyst rating on (GB:BBY) stock is a Hold with a £640.00 price target. To see the full list of analyst forecasts on Balfour Beatty stock, see the GB:BBY Stock Forecast page.
Spark’s Take on GB:BBY Stock
According to Spark, TipRanks’ AI Analyst, GB:BBY is a Outperform.
Balfour Beatty’s strong financial performance and optimistic earnings call sentiment are the most significant factors driving the score. The company’s robust cash flow management and strategic positioning in key markets support its growth trajectory. Technical indicators show strong upward momentum, although the valuation is fair with a reasonable P/E ratio and dividend yield. Challenges in the US Civils segment and regulatory impacts are noted but do not overshadow the overall positive outlook.
To see Spark’s full report on GB:BBY stock, click here.
More about Balfour Beatty
Balfour Beatty is a leading international infrastructure group with over 27,000 employees. The company finances, develops, builds, maintains, and operates complex infrastructure projects that support national economies and local communities. With a history spanning 116 years, Balfour Beatty has been involved in iconic projects worldwide, including the Hinkley Point C nuclear power station in the UK, the Lyric Theatre in Hong Kong, and the Automated People Mover at Los Angeles International Airport.
Average Trading Volume: 984,466
Technical Sentiment Signal: Buy
Current Market Cap: £2.92B
See more data about BBY stock on TipRanks’ Stock Analysis page.