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Balfour Beatty ( (GB:BBY) ) has shared an announcement.
Balfour Beatty has announced a transaction in its own shares as part of its ongoing share buyback program. The company repurchased 42,036 ordinary shares through Merrill Lynch International, with the shares to be held in treasury. This move is part of a broader strategy that has seen the repurchase of over 23 million shares, impacting the total number of voting rights and potentially influencing shareholder interests under regulatory rules.
The most recent analyst rating on (GB:BBY) stock is a Buy with a £688.00 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 overall stock score is driven by strong financial performance and positive technical indicators. The company’s robust cash flow and stable balance sheet are significant strengths. While the stock shows bullish momentum, the high RSI suggests caution due to potential overbought conditions. The valuation is reasonable but not particularly compelling, which slightly tempers the overall score.
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 is involved in financing, developing, building, maintaining, and operating complex infrastructure projects that support national economies and local communities. With a history of 116 years, Balfour Beatty has been instrumental in creating iconic buildings and infrastructure worldwide.
Average Trading Volume: 1,217,635
Technical Sentiment Signal: Buy
Current Market Cap: £3.24B
Learn more about BBY stock on TipRanks’ Stock Analysis page.