Balfour Beatty Advances Share Buyback Program

An announcement from Balfour Beatty ( (GB:BBY) ) is now available.

Balfour Beatty has announced a transaction in its own shares as part of its share buyback program, purchasing 92,932 ordinary shares through Merrill Lynch International. The repurchased shares will be held in treasury, reducing the number of shares in issue to 503,337,238. This move is part of a broader buyback initiative where the company has repurchased over 13 million shares, impacting the total voting rights and potentially influencing shareholder interests under regulatory rules.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £5.80 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 scores well due to its strong financial performance and optimistic earnings call, highlighting growth potential and strategic market positioning. Technical indicators suggest moderate momentum, while valuation remains fair. The company’s strategic capital management through share buybacks further supports its 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 and critical infrastructure projects worldwide, including iconic buildings and infrastructure. Notable projects include 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: 1,132,191

Technical Sentiment Signal: Buy

Current Market Cap: £2.46B

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