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Balfour Beatty ( (GB:BBY) ) has issued an announcement.
Balfour Beatty announced the purchase of 31,912 ordinary shares as part of its ongoing share buyback program, with shares to be held in treasury. This transaction reflects the company’s strategic focus on managing its capital structure and enhancing shareholder value, while maintaining a total of 493,216,973 voting rights in the company.
The most recent analyst rating on (GB:BBY) stock is a Buy with a £715.00 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 earnings call highlights, including a record order book and increased shareholder returns. The technical analysis indicates a bearish trend, but the valuation remains fair. Challenges in the U.S. Civils segment and Infrastructure Investments slightly offset the 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 specializes in financing, developing, building, maintaining, and operating 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: 1,222,396
Technical Sentiment Signal: Buy
Current Market Cap: £3.28B
See more insights into BBY stock on TipRanks’ Stock Analysis page.