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Balfour Beatty ( (GB:BBY) ) just unveiled an announcement.
Balfour Beatty has announced a recent transaction in its share buyback program, purchasing 99,216 ordinary shares through Merrill Lynch International. The shares, bought at a volume weighted average price of 516.0000 pence, will be held in treasury, affecting the total number of voting rights in the company. This move is part of a broader 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 £552.00 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 well due to strong financial performance and positive earnings call sentiment. Valuation is reasonable, and technical analysis shows mixed signals. The company’s strategic initiatives, such as the share buyback program, further enhance its 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 finances, develops, builds, maintains, and operates complex infrastructure projects that support national economies and local communities. Known for its iconic projects worldwide, Balfour Beatty is currently involved in significant ventures such as 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: 1,125,135
Technical Sentiment Signal: Buy
Current Market Cap: £2.6B
Learn more about BBY stock on TipRanks’ Stock Analysis page.