Balfour Beatty Cancels Treasury Shares, Sets New Voting Rights Total at 492.8 Million

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

Balfour Beatty has cancelled 24,175,236 ordinary shares previously held in treasury, reducing its total ordinary shares in issue to 492,848,584, each carrying one vote, and leaving the company with no remaining shares held in treasury. The updated share capital means the total number of voting rights in Balfour Beatty now stands at 492,848,584, a key reference figure for investors assessing disclosure thresholds and reporting changes in their holdings under UK transparency rules.

The most recent analyst rating on (GB:BBY) stock is a Buy with a £798.00 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’s strong financial performance and positive technical indicators are the most significant factors driving its stock score. The company’s strategic share buyback program and positive earnings call further enhance its market perception. However, the relatively high P/E ratio suggests caution regarding valuation.

To see Spark’s full report on GB:BBY stock, click here.

More about Balfour Beatty

Balfour Beatty is a leading international infrastructure group employing around 27,000 people and focused on financing, developing, building, maintaining and operating complex and critical infrastructure that underpins national economies and local communities. With a 100-year history of delivering major projects worldwide, its portfolio includes landmark schemes such as the Hinkley Point C nuclear power station in the UK, Hong Kong’s Lyric Theatre, and the Automated People Mover superstructure at Los Angeles International Airport.

Average Trading Volume: 1,172,378

Technical Sentiment Signal: Buy

Current Market Cap: £3.5B

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