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An update from Balfour Beatty ( (GB:BBY) ) is now available.
Balfour Beatty announced the purchase of 79,239 ordinary shares as part of its ongoing share buyback program, holding these shares in treasury. This move reduces the number of shares in circulation and impacts the company’s total voting rights, which now stand at 502,525,640. The share buyback is part of a strategy to manage the company’s capital structure and potentially enhance shareholder value.
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’s strong financial performance and technical indicators, combined with a positive earnings call and strategic corporate events, drive a robust overall score. The company’s stable financials, bullish technical momentum, and strategic initiatives like share buybacks and significant contract wins, position it well for future growth despite some challenges in specific segments.
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. It has a history of creating iconic buildings and infrastructure worldwide, 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: 960,682
Technical Sentiment Signal: Buy
Current Market Cap: £2.53B
Learn more about BBY stock on TipRanks’ Stock Analysis page.