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Balfour Beatty ( (GB:BBY) ) just unveiled an update.
Balfour Beatty announced the purchase of 85,268 ordinary shares as part of its ongoing share buyback program, with shares purchased at prices ranging from 512.5 to 519 pence. The repurchased shares will be held in treasury, leaving 502,351,840 shares in circulation. This move is part of a larger strategy under which the company has repurchased 14,671,980 shares to date, impacting the total number of voting rights and potentially influencing 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 highly due to strong financial performance and a positive earnings call that indicates robust growth and strategic initiatives. Technical indicators support the stock’s current momentum, and corporate events like share buybacks and contract wins add further value. Valuation metrics are reasonable but do not indicate substantial undervaluation.
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. Balfour Beatty is known for delivering iconic buildings and infrastructure worldwide, including projects like 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: 948,567
Technical Sentiment Signal: Buy
Current Market Cap: £2.57B
Find detailed analytics on BBY stock on TipRanks’ Stock Analysis page.