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Balfour Beatty ( (GB:BBY) ) has shared an announcement.
Balfour Beatty announced the purchase of 107,919 ordinary shares as part of its ongoing share buyback program, with shares bought at an average price of 510.6857 pence. This transaction is part of a larger initiative where the company has repurchased over 13 million shares to be held in treasury, impacting the total number of voting rights and potentially affecting shareholder interests.
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 strong financial performance and positive earnings call sentiment. Valuation is reasonable, and technical analysis shows mixed signals. The company’s strategic initiatives, such as the share buyback program, further enhance its attractiveness.
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 that supports national economies. Balfour Beatty has a history of creating iconic buildings and infrastructure globally, with current projects 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: 1,132,898
Technical Sentiment Signal: Buy
Current Market Cap: £2.47B
See more data about BBY stock on TipRanks’ Stock Analysis page.