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Balfour Beatty ( (GB:BBY) ) has provided an announcement.
Balfour Beatty has announced the purchase of 83,359 ordinary shares as part of its ongoing share buyback program. The shares will be held in treasury, reducing the number of shares in issue to 501,997,626. This move is part of a larger 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 overall stock score is strong, driven by robust financial performance, positive technical indicators, and strategic corporate actions. The optimistic earnings call and ongoing share buyback program enhance shareholder value and confidence in future growth. While valuation metrics are moderate, the comprehensive strategic positioning supports a favorable investment 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 infrastructure projects that support national economies and local communities. 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: 954,298
Technical Sentiment Signal: Buy
Current Market Cap: £2.56B
Learn more about BBY stock on TipRanks’ Stock Analysis page.