Balfour Beatty Advances Share Buyback Programme

Balfour Beatty ( (GB:BBY) ) just unveiled an update.

Balfour Beatty has announced a transaction in its own shares as part of its ongoing share buyback programme, purchasing 115,000 ordinary shares at an average price of 499.0451 pence per share. These shares will be held in treasury, with the total number of voting rights in the company now standing at 504,236,806. This move is part of a larger buyback strategy where the company has repurchased over 12 million shares, aiming to manage its capital structure and 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, technical momentum, and strategic initiatives such as share buybacks and expansion plans contribute to a solid stock score. Operational challenges in certain segments are a minor concern given the company’s overall growth trajectory.

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: 1,197,045

Technical Sentiment Signal: Buy

Current Market Cap: £2.49B

Find detailed analytics on BBY stock on TipRanks’ Stock Analysis page.