Balfour Beatty Advances Share Buyback Program

Balfour Beatty ( (GB:BBY) ) has shared an update.

Balfour Beatty has announced the purchase of 32,355 ordinary shares as part of its share buyback program, with shares bought at a volume-weighted average price of 702.1096 pence. The repurchased shares will be held in treasury, reducing the number of voting shares to 493,175,282. This move is part of a broader strategy to manage the company’s capital structure and enhance shareholder value.

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 is involved in financing, developing, building, maintaining, and operating complex and critical infrastructure projects that support national economies and local communities. Balfour Beatty is known for delivering iconic buildings and infrastructure worldwide, including projects like Hinkley Point C in the UK, the Lyric Theatre in Hong Kong, and the Automated People Mover at Los Angeles International Airport.

Average Trading Volume: 1,225,842

Technical Sentiment Signal: Buy

Current Market Cap: £3.43B

For detailed information about BBY stock, go to TipRanks’ Stock Analysis page.