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Balfour Beatty ( (GB:BBY) ) has shared an update.
Balfour Beatty has announced the purchase of 93,760 of its ordinary shares as part of its ongoing share buyback program. These shares will be held in treasury, with the total number of voting rights in the company remaining at 500,840,846. This move is part of a broader strategy to manage the company’s capital structure and may impact shareholder calculations under the FCA’s Disclosure and Transparency Rules.
The most recent analyst rating on (GB:BBY) stock is a Buy with a £5.60 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, optimistic earnings guidance, and robust technical indicators. The strategic share buyback program further enhances shareholder value, offsetting the operational 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 finances, develops, builds, maintains, and operates complex and critical infrastructure projects globally, supporting 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: 855,779
Technical Sentiment Signal: Buy
Current Market Cap: £2.66B
See more data about BBY stock on TipRanks’ Stock Analysis page.