Balfour Beatty Advances Share Buyback Program

Balfour Beatty ( (GB:BBY) ) has provided an update.

Balfour Beatty announced the purchase of 160,179 ordinary shares as part of its ongoing share buyback program, executed through Merrill Lynch International. The repurchased shares will be held in treasury, reducing the total number of shares in circulation and potentially increasing shareholder value. This move reflects the company’s strategic financial management 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 £5.80 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 optimistic earnings call sentiment are the primary drivers of its score. Technical indicators suggest bullish momentum, though caution is warranted due to potential overbought conditions. The valuation is reasonable, supporting the stock’s 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 infrastructure projects that support national economies and local communities. 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: 909,217

Technical Sentiment Signal: Buy

Current Market Cap: £2.81B

See more data about BBY stock on TipRanks’ Stock Analysis page.